Tag: GST revenue growth
India records ₹2.31 lakh cr GST collections in Oct, 2nd highest since 2017 rollout
India’s gross Goods and Services Tax (GST) collections surged 22.9% year-on-year to over ₹2.31 lakh crore in October, marking the second-highest monthly tally since July…
GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue official
Bengaluru: The recommendations of the 57th GST Council meeting, held on October 8, were shaped through extensive consultations within the government and with states, and…
One GST return a year? New scheme could ease compliance for 16 lakh small businesses
Small businesses that sell only to consumers may soon have to file just one GST return a year, with the GST Council on Thursday approving…
States’ revenue growth to accelerate 9-11% as GST collections rise 16% in first five months: Crisil
Mumbai: Revenue growth of 18 large Indian states is expected to accelerate to 9-11 per cent this fiscal, supported by stronger Goods and Services Tax…
In Graphics: How GST cuts triggered a rally for Indian businesses
The rationalisation in the goods and services tax rates last September delivered a larger-than-expected expansion in the tax base, with higher taxable supplies more than…
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processes
New Delhi: As India enters the tenth year of rollout of the Goods and Services Tax, the focus is shifting from implementation to efficiency through…