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GST collection News

Goods and Services Tax

01 Apr 2024

GST Collections Creates Another Record With Rs 1.78 Lakh Crore-Mark In March

The Ministry of Finance stated that the increase in GST collection in March 2024 was mainly due to a notable rise in GST collected from transactions within the country

01 Sep 2023

GST Collections For August At Rs 1,59,069 Crore, 3.6% Lower Than July

The government has settled Rs 37,581 crore to CGST and Rs 31,408 crore to SGST from IGST. The total revenue of Centre and the states in August 2023 after regular settlement was Rs 65,909 crore for CGST and Rs 67,202 crore for SGST. The revenues for August 2023 are 11 per cent higher than the GST revenues in the same month last year.

01 Jul 2023

GST Collections Rise 3% In June To Rs 1,61,497 Crore

The revenues for the month of June are 12 percent higher than the GST revenues in the same month last year.

01 May 2023

GST Collections For April Rose 16.8% To Stand At Rs 1,87,035 Crore

For the first time, gross GST collections have crossed Rs 1.75 lakh crore mark, official sources said.

01 Dec 2022

GST collection mops up by 11% to Rs 1.46 lakh crore in November - Deets Inside

Collections from Goods and Services Tax (GST) grew by 11 per cent to about Rs 1.46 lakh crore. This is the ninth month in a row that the revenues have remained above the Rs 1.4 lakh crore mark. In October, GST collections had touched the second-highest level of Rs 1.52 lakh crore on festive spending.

01 Sep 2022

BIG relief for economy! GST collection rises by 28 % in Aug to Rs 1.43 lakh cr

GST collection grew by 28 % to Rs 1.43 lakh crore in August: Finance Ministry. The gross GST revenue collected in August 2022 stood at Rs 1,43,612 crore. The revenues for the month of August 2022, registered 28 % increase than the GST revenues of Rs 1,12,020 crore collected in August 2021.

01 May 2022

GST collection touches all-time high in April at Rs 1.68 lakh crore

The gross GST collection has crossed the Rs 1.5 lakh crore-mark for the first time in April 2022. Of the total collection, CGST was Rs 33,159 crore. Rs 36,705 crore collected on import of goods, and cess is Rs 10,649 crore.

07 Apr 2022

Delhi govt collected Rs 28,573 crore as GST and VAT in 2021-22: Officials

The GST has several slabs for different goods and services. In Delhi, VAT is imposed on petroleum products and liquor.

GST annual returns

01 Apr 2022

GST collection at all-time high of Rs 1.42 lakh crore in March

The revenues for March 2022 are 15 per cent higher than the GST revenues in the same month last year.

31 Jan 2022

GST collection tops Rs 1.38 lakh crore in January

January is the fourth straight month when Goods and Services Tax collection has crossed Rs 1.30 lakh crore. The highest monthly GST collection has been Rs 1,39,708 crore in the month of April 2021. The revenues for the month of January 2022 are 15 per cent higher than the GST revenues in the same month last year.

01 Jan 2022

GST collection at Rs 1.29 lakh crore in December 2021

The collection was lower than Rs 1.31 lakh crore mopped up in November. December is the sixth month in a row when the revenues from goods sold and services rendered stood at over Rs 1 lakh crore. The revenues for December 2021 are 13 per cent higher than the GST revenues in the same month last year.

01 Dec 2021

GST collection in November tops Rs 1.30 lakh crore, 2nd highest since roll out

This is the fifth month in a row that the revenues rendered was over Rs 1 lakh crore. CGST stood at Rs 23,978 crore for the month. In November, SGST was Rs 31,127 crore.

06 Jul 2021

GST collections remain below Rs 1 lakh crore for first time in June

CGST stands at Rs 16,424 crore. Cess is Rs 6,949 crore. This figure of GST collection is from June 5 to July 5, 2021.

05 Jun 2021

GST mop-up tops Rs 1.02 lakh crore in May, 65% higher compared to 2020

Tax collections on sale of goods and rendering of services in May at Rs 1.02 lakh crore were 27 per cent lower than April 2021. During May 2021, revenues from the import of goods were 56 percent higher, and the revenues from domestic transactions (including import of services) are 69 percent higher than that of May 2020.

01 May 2021

GST revenue hits all-time high of Rs 1.41 lakh crore in April

The revenues for the month of April 2021 are 14 percent higher than Rs 1.23 lakh crore collected in March. During the month, the revenues from domestic transactions (including import of services) are 21 percent higher over the last month. The gross GST revenue collected in the month of April 2021 is at a record high of Rs 1,41,384 crore, of which CGST is Rs 27,837 crore, SGST Rs 35,621 crore, IGST Rs 68,481 crore.

09 Mar 2021

Rs 1.06 Lakh crore GST compensation shortfall released to states

96 percent of total estimated GST compensation shortfall released. Rs. 97,242.03 crore has released to the States. Rs. 8,861.97 crore has been released to the 3 UTs with Legislative Assembly.

01 Nov 2020

GST collection crosses Rs 1 lakh cr in October for first time since February

The October GST collection stood at over Rs 1.05 lakh crore. After February, the GST collection breached the Rs 1 lakh crore mark. The revenue for October this year is 10% higher than last year's collection.

Goods and Services Tax

01 Apr 2020

GST collection for March stands at Rs 97,597 crore, says Finance Ministry

The total revenue earned by central government and the state governments after regular settlement in the month of March 2020 is Rs 41,901 crore for CGST and Rs 43,516 crore for the SGST," the FinMin statement said.

Goods and Services Tax (GST)

01 Mar 2020

Gross GST collection in February at Rs 1,05,366 crore, says Finance Ministry

According to the Union Finance Ministry, the GST revenues during the month of February 2020 from domestic transactions has shown a growth of 12 per cent over the revenue during February last year.

01 Feb 2020

GST collection up 8% year-on-year, signals recovery

The higher number is good news for the government which is facing serious revenue shortfall. The higher collection in the month of January is, however, on expected lines given the past trends.

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