Tag: GST collections

India collects $22.25 billion in goods and services tax in October
Posted in Economy

India collects $22.25 billion in goods and services tax in October

India collected 1.87 trillion rupees ($22.25 billion) in goods and services tax in October, 9% higher than the same period last year, the government said…

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Karnataka’s GSDP at 10.2% outperforms national average of 8.2%, says CM, dismisses NSE projection
Posted in Economy

Karnataka’s GSDP at 10.2% outperforms national average of 8.2%, says CM, dismisses NSE projection

Karnataka registered a robust Gross State Domestic Product (GSDP) growth rate of 10.2% in FY 2023-24, significantly surpassing the national average of 8.2%, according to…

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A lot more tax money will fill India's coffers soon
Posted in Economy

A lot more tax money will fill India’s coffers soon

The Indian economy experienced a slight slowdown midway through the fiscal year after a strong summer, according to data released on Tuesday. However, experts believe…

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Posted in Economy

Indian economy: After fall season in Sept, all eyes on festive lights

New Delhi: The Indian economy may have slowed marginally halfway through the fiscal year after a strong summer, based on data released Tuesday, but experts…

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Inside Image (1).
Posted in Economy

GST collections up 10% to ₹ 1.75 lakh crore in August

New Delhi: India’s goods and services tax (GST) collections, an accurate proxy for domestic consumption demand, climbed about a tenth to ₹1.75 lakh crore in…

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India Q1 FY25 GDP data: Will reviving rural growth beat effects of election-time capex lag?
Posted in Economy

India Q1 FY25 GDP data: Will reviving rural growth beat effects of election-time capex lag?

India’s economy is expected to grow between 6.9 and 7.2 per cent in Q1FY25 for the quarter between April and June, 2024. Amid a general…

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Representational image. (PTI Photo)
Posted in Business

GST collections cross ₹1.6-lakh cr mark for 5th time with ₹1.65 lakh crore in July

Goods and Services Tax (GST) collections for the month of July 2023 saw a 11% year-on-year jump at over ₹1.65 lakh crore, crossing the ₹1.6-lakh…

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Aggregate state GST collections growth to moderate to 12-14 per cent in FY24: Crisil
Posted in Economy

Aggregate state GST collections growth to moderate to 12-14 per cent in FY24: Crisil

The growth in aggregate GST collection for states is likely to moderate to 12-14 per cent in FY24 from 20 per cent in FY23, domestic…

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GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore
Posted in Economy

GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore

The Finance Ministry on Monday reported the GST collections for the month of April 2023 at Rs 1.87 lakh crore, the highest ever. “Gross GST…

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File photo of Prime Minister Narendra Modi with Finance Minister Nirmala Sitharaman.
Posted in Business

High GST collection reveals robustness of Indian economy

The government on Friday released Goods and Services (GST) tax collection data for the month of March, which has two important messages – the new…

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