India's GST collections in October reached ₹2.31 lakh crore, reflecting a 22.9% year-on-year increase. St ...More

India's GST collections in October reached ₹2.31 lakh crore, reflecting a 22.9% year-on-year increase. Strong consumption trends are indicated by rising passenger car sales and record digital payments. Power consumption also surged nearly 22% compared to last year, further emphasizing economic strength. Despite a high inflation rate of 5.5%, demand has remained robust, supporting growth forecasts. Analysts suggest this growth aligns with leading indicators of a consumption-driven economy. ...Less

India's gross GST collection reached Rs 2.31 lakh crore in October, representing a 22.9% increase from la ...More

India's gross GST collection reached Rs 2.31 lakh crore in October, representing a 22.9% increase from last year. The gross GST collected for the April-October period totaled Rs 14.78 lakh crore, showing a 13.2% growth year-on-year. Maharashtra recorded the highest revenue for October at Rs 35,150 crore, followed by Karnataka and Gujarat. Some states, including Sikkim and Ladakh, experienced significant declines in GST collections during the month. ...Less

Union Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax ch ...More

Union Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax changes to support equity markets. She emphasized that while taxation is vital, India's economic indicators remain robust and positive. Sitharaman highlighted the necessity for capital expenditure to sustain economic growth and fiscal prudence. On welfare, she noted significant improvements in access to essential services contributing to decreased poverty levels. ...Less

Finance Minister Nirmala Sitharaman highlighted the importance of capital expenditure in driving economic ...More

Finance Minister Nirmala Sitharaman highlighted the importance of capital expenditure in driving economic growth in India. She stated that government spending would be guided by fiscal discipline while encouraging private sector investment. Sitharaman noted that higher public investment has historically generated strong economic returns over time. She reassured that the Indian economy remains robust, with no sign of fragility. ...Less

Samvat 2083 begins with Indian businesses entering the new year on a note of cautious optimism. Strong GS ...More

Samvat 2083 begins with Indian businesses entering the new year on a note of cautious optimism. Strong GST collections, festive demand and the RBI’s upgraded FY27 growth forecast point to economic resilience. But weak hiring, easing manufacturing momentum, food inflation and crude oil risks cloud the outlook. ...Less

States' capital expenditure is projected to rise 10-12% to around Rs 8.5 lakh crore in FY27, driven by hi ...More

States' capital expenditure is projected to rise 10-12% to around Rs 8.5 lakh crore in FY27, driven by higher central assistance and greater fiscal flexibility, according to a Crisil Ratings report. Increased allocation under the SASCI scheme is expected to support infrastructure spending, particularly urban development, roads and bridges. ...Less

Indian equities enter Samvat 2083 on a strong note, with Nifty surging 8.6% last week and reclaiming 25,0 ...More

Indian equities enter Samvat 2083 on a strong note, with Nifty surging 8.6% last week and reclaiming 25,000. Motilal Oswal Chairman Raamdeo Agarwal cites improving earnings, ₹45,970 crore in FPI inflows, stable currency and easing global pressures as potential drivers. ...Less

The Indian stock market experienced sharp gains during the Muhurat Trading session on Diwali. Sensex incr ...More

The Indian stock market experienced sharp gains during the Muhurat Trading session on Diwali. Sensex increased by 350 points, surpassing 81,380, indicating strong investor interest. Nifty 50 rose over 80 points, crossing 23,100 as well. Tata Steel, Sun Pharma, BEL, and HDFC Bank contributed to these gains, while some stocks faced losses. Overall, the market breadth remained positive, with more advances than declines. ...Less

Taxpayer wins GST refund denial case after depositing GST on airline ticket with the govt and later refun ...More

Taxpayer wins GST refund denial case after depositing GST on airline ticket with the govt and later refunding the GST back to passengers due to cancelled ticket; GSTAT orders GST department to issue GST refund with interest to taxpayer ...Less

Union Finance Minister Nirmala Sitharaman highlighted the government's commitment to increasing capital e ...More

Union Finance Minister Nirmala Sitharaman highlighted the government's commitment to increasing capital expenditure to promote economic growth. She remarked on the importance of fiscal prudence while implementing spending strategies effectively. Sitharaman emphasized the need for public investment to enhance welfare programs and improve access to essential services. The government aims to provide comprehensive insurance coverage by 2047 to foster financial inclusion. ...Less

India's fiscal deficit for the year 2026-27 is projected to exceed the budgeted target by a significant a ...More

India's fiscal deficit for the year 2026-27 is projected to exceed the budgeted target by a significant amount. The anticipated deficit may reach ₹1.2 lakh crore, influenced by various subsidy pressures. Both CareEdge Ratings and SBI Research provided estimates on the fiscal deficit, highlighting potential shortfalls in tax revenue. Proposed measures include utilizing the Economic Stabilisation Fund and implementing expenditure cuts to manage the deficit. ...Less

Indian equities experienced a strong start to the week, bolstered by better than expected Q2 earnings. Im ...More

Indian equities experienced a strong start to the week, bolstered by better than expected Q2 earnings. Improved domestic macro indicators contributed to the positive sentiment among investors and traders. Increased passenger vehicle sales and gross GST collections reflected resilience in domestic economic activity. Several stock recommendations were highlighted for Tuesday, suggesting potential upward movements. Analysts shared technical insights indicating opportunities for buying various stocks in the current market. ...Less

India's services sector recorded widespread growth in August, with 17 of the 19 tracked segments expandin ...More

India's services sector recorded widespread growth in August, with 17 of the 19 tracked segments expanding and 13 registering double-digit gains, according to the trial Index of Service Production (ISP). Retail trade led the expansion with 19.9% year-on-year growth, followed by repair services and real estate at 17.6% each. Banking, insurance and IT services also reported strong growth, while CareEdge Ratings estimated overall services output rose 14%. ...Less

India’s economy is estimated to have grown 7.35% in the September quarter, supported by strong industrial ...More

India’s economy is estimated to have grown 7.35% in the September quarter, supported by strong industrial output, GST collections, energy use, port traffic and auto sales, the finance ministry said. It expects domestic demand and investment to sustain momentum, while warning that high crude prices, food inflation, rupee pressure and elevated US bond yields could pose risks in the second half. ...Less

Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 38 ...More

Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 388 points. Falling crude oil prices, strong corporate earnings, positive global cues and foreign investor buying boosted sentiment. ...Less

The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% ...More

The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% growth in the previous quarter, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales. ...Less

Hindustan Unilever has raised prices by around 7.5% in response to rising input costs across its portfoli ...More

Hindustan Unilever has raised prices by around 7.5% in response to rising input costs across its portfolio. Despite these increases, consumer demand remains strong in both urban and rural areas of India. The company is focusing on balancing further price adjustments with cost savings through procurement and supply-chain efficiencies. Positive indicators of economic resilience include electricity demand and GST collections, alongside improved rural demand. ...Less

India's mobile phone production-linked incentive (PLI) scheme has generated Rs 25,000 crore in direct tax ...More

India's mobile phone production-linked incentive (PLI) scheme has generated Rs 25,000 crore in direct tax collections against Rs 19,000 crore paid in incentives, Union IT Minister Ashwini Vaishnaw said. The scheme has also supported employment, with mobile manufacturing accounting for 12 lakh jobs. The government is now looking to expand domestic production, boost component sourcing and strengthen India's electronics manufacturing ecosystem through a new Rs 62,500 crore scheme. ...Less

On Monday, a remarkable surge in the Indian stock market was observed, with the Sensex soaring by 1,233 p ...More

On Monday, a remarkable surge in the Indian stock market was observed, with the Sensex soaring by 1,233 points. This uplift was driven by plummeting oil prices and robust earnings reports from key players like Reliance Industries. The return of foreign institutional investors as net buyers after a recent retreat, along with the anticipation of potential relief in long-term capital gains tax, spurred a wave of optimism. ...Less

Union Minister Ashwini Vaishnaw has hit back at criticism of India's mobile phone manufacturing strategy ...More

Union Minister Ashwini Vaishnaw has hit back at criticism of India's mobile phone manufacturing strategy with a blunt “Cope harder” remark. Citing figures from the government's Production Linked Incentive (PLI) scheme, he said the government paid Rs 19,000 crore in incentives and collected Rs 25,000 crore in direct taxes, alongside Rs 3 lakh crore in GST. His response followed a Bloomberg Opinion video questioning India's iPhone manufacturing model, its dependence on imported components and the cost of government subsidies. ...Less

GST Appellate Tribunal ruled that GST paid on cancelled airline tickets is refundable if conditions are m ...More

GST Appellate Tribunal ruled that GST paid on cancelled airline tickets is refundable if conditions are met. Singapore Airlines successfully claimed refunds amounting to Rs 45,92,528 for flights cancelled due to COVID-19. The Tribunal highlighted that sufficient evidence was provided to demonstrate that tax incidence was not passed on to passengers. Taxpayers need to maintain robust documentation to satisfy requirements for refunds to be processed. ...Less

Now, as Carnelian has ventured into mutual fund business by launching a small-cap fund with a ₹5,000 cror ...More

Now, as Carnelian has ventured into mutual fund business by launching a small-cap fund with a ₹5,000 crore cap, Khemani is focusing on manufacturing, financials and IT while warning investors against confusing market capitalisation with valuation. In an interview, he explains how the fund plans to manage size, assess expensive growth opportunities and position for the next market re-rating. ...Less

Manipur Chief Minister Yumnam Khemchand Singh praised the cooperation of local communities in resuming hi ...More

Manipur Chief Minister Yumnam Khemchand Singh praised the cooperation of local communities in resuming highway movement. He highlighted the negative impact of recent crises on the state's economy and daily lives. Singh emphasized the importance of community unity for resolving differences and achieving development goals. The government plans to establish two medical colleges in the state for equitable growth. ...Less

The Indian government reported a 14.7% increase in GST collections for September 2023 compared to last ye ...More

The Indian government reported a 14.7% increase in GST collections for September 2023 compared to last year. Maharashtra topped the states with collections reaching Rs 29,986 crore, reflecting a 15% growth. Some states, however, experienced significant declines in GST revenues, with Sikkim's collections dropping 51%. Cumulatively, the gross GST collection for the initial half of the fiscal year stood at Rs 12,46,278 crore. ...Less

Rate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms ...More

Rate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms rest on the same principle. A business that doesn't fear the tax office is more likely to register, report its full sales and grow within the system. ...Less

India's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous l ...More

India's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous levies to streamline compliance and taxation. Following its introduction in 2017, businesses adjusted to new frameworks and updated regulations. Key changes included the phased introduction of e-invoicing and the removal of border checkposts enhancing logistics. ...Less

India's GST collections remained strong, rising to Rs 2.04 lakh crore in September, however experts expre ...More

India's GST collections remained strong, rising to Rs 2.04 lakh crore in September, however experts express concern over the wide gap in tax revenue from imports and domestic transactions. They say that the divergence suggested that imports were contributing significantly to the overall growth in collections. The trend could warrant a reassessment of some production-linked incentive schemes to strengthen domestic manufacturing. ...Less

The statistics ministry plans to expand the monthly Index of Services Production to cover education, heal ...More

The statistics ministry plans to expand the monthly Index of Services Production to cover education, healthcare, public administration and defence, raising its coverage to 78.4% of services GVA from about 60%. The proposed framework could use UPI transaction data to track private education and healthcare activity and government expenditure data for public services. ...Less

To strengthen compliance and reduce conflicts, reforming the Goods and Services Tax (GST) administration ...More

To strengthen compliance and reduce conflicts, reforming the Goods and Services Tax (GST) administration is essential. The GST Council will introduce initiatives to rectify persistent tax structure issues. India's energy sector remains excluded from GST, affecting economic progress and inflation rates. It's also vital to recognize states' contribution to tax revenue to preserve fiscal independence. Additionally, a portion of GST revenue could support urban municipal bodies in fostering sustainable development. ...Less

India's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services ...More

India's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services tax collections in September. Car sales surged by 21% year-on-year, indicating strong consumer demand during the festive season. Manufacturing activity is robust, contributing to a rise in the HSBC Purchasing Managers Index to a seven-month high. ...Less

India’s Q2FY27 earnings season is expected to mark a strong recovery in corporate profitability, with Nif ...More

India’s Q2FY27 earnings season is expected to mark a strong recovery in corporate profitability, with Nifty 50 earnings projected to grow 27% YoY, the highest in 17 quarters, according to Motilal Oswal. While resilient domestic fundamentals and liquidity support the outlook, persistent FII outflows, weak foreign investor sentiment and global macroeconomic pressures remain key challenges for Indian equities. ...Less

The luxury vehicle market in India showcased a striking uptick in sales for 2026, reflecting a robust app ...More

The luxury vehicle market in India showcased a striking uptick in sales for 2026, reflecting a robust appetite for high-end automobiles. Mercedes-Benz led the way with impressive sales reaching 15,190 units in just the first nine months, bolstered by exciting new launches and upgrades from loyal customers despite supply challenges. Electric models, particularly with the CLA Electric's introduction, further supported this growth. ...Less

Andhra Pradesh’s commercial tax collections rose 18% year-on-year to Rs 30,435.98 crore during April-Sept ...More

Andhra Pradesh’s commercial tax collections rose 18% year-on-year to Rs 30,435.98 crore during April-September 2026, with September recording the highest monthly collection so far. Net GST collections increased 18% to Rs 19,635.49 crore in the first half of FY 2026-27, while September net GST rose 14.10%. The state attributed the growth to stronger compliance, enforcement, economic activity and technology-led tax monitoring. ...Less

Chief Economic Adviser V Anantha Nageswaran noted that the second half of the fiscal year would be challe ...More

Chief Economic Adviser V Anantha Nageswaran noted that the second half of the fiscal year would be challenging. Rising oil prices and increased global growth risks create a tougher economic environment for India. The economy saw a 7.8% GDP growth in the first quarter, backed by strong indicators like GST collections and credit growth. Upcoming data suggested a GDP growth rate of around 7.3% for July and August. ...Less

The new GST framework in India aims to streamline compliance processes while lowering tax rates, contribu ...More

The new GST framework in India aims to streamline compliance processes while lowering tax rates, contributing to enhanced economic stability. This initiative promises to improve taxpayer satisfaction and bolster revenue generation, encouraging growth across multiple industries. Early data shows a notable increase in taxable supplies after these reforms, positively impacting both businesses and consumers, with small and medium enterprises particularly benefiting from a cohesive national market. ...Less

On Thursday, the Indian rupee declined to a two-month low against the US dollar due to foreign portfolio ...More

On Thursday, the Indian rupee declined to a two-month low against the US dollar due to foreign portfolio outflows. Overseas investors sold off investments amid rising US bond yields and dollar demand. The rupee surpassed the 96-level twice in three days, indicating intense market pressure. Custodian banks continued purchasing dollars, which also pointed to ongoing foreign outflows. ...Less

India's business landscape showed remarkable resilience as confidence levels surged by 5.6% in the first ...More

India's business landscape showed remarkable resilience as confidence levels surged by 5.6% in the first half of FY27 according to the ASSOCHAM Business Confidence Index. Spanning from April to September 2026, the index illustrates notable growth even in the face of persistent challenges like inflation and rupee depreciation, especially in July, August, and September. ...Less

India's industrial production growth may stay in single digits in the upcoming months as several economic ...More

India's industrial production growth may stay in single digits in the upcoming months as several economic challenges persist. Festive demand could positively impact growth, but factors like weak monsoon, higher input costs, and global uncertainties pose risks. The manufacturing sector's growth has shown significant improvement, alongside a gradual recovery in rural consumption trends. Capital goods and consumer durables produced strong growth numbers, indicating resilience in investment and discretionary spending. ...Less

The GST Council is set to reconvene after a year to focus on reforming the input tax credit system. Recen ...More

The GST Council is set to reconvene after a year to focus on reforming the input tax credit system. Recent surveys by KPMG and Deloitte highlighted the need for structural changes to alleviate business burdens. Blockages in the current GST system affect costs for domestic producers, making imports more competitive. A single-rate structure may be a long-term solution to these challenges. ...Less

Revenue growth for 18 major Indian states is projected to accelerate to 9–11% in fiscal 2027, taking comb ...More

Revenue growth for 18 major Indian states is projected to accelerate to 9–11% in fiscal 2027, taking combined revenues past ₹44 lakh crore, according to Crisil Ratings. This financial expansion is driven primarily by a 12–13% rise in GST collections—supported by robust consumption and import gains—alongside an 11–12% increase in tax devolution from the Centre. Stable growth in liquor, petroleum, and stamp duty taxes will further reinforce state balance sheets. ...Less

Motilal Oswal Financial Services sees improving risk-reward for Indian equities as valuations cool, earni ...More

Motilal Oswal Financial Services sees improving risk-reward for Indian equities as valuations cool, earnings recover and domestic liquidity remains strong. The brokerage also highlights sectoral rotation and names 27 stocks across large-, mid- and small-cap segments as top ideas. ...Less

India's economy shows strong growth prospects for the next twelve months, a WEF survey found. Household i ...More

India's economy shows strong growth prospects for the next twelve months, a WEF survey found. Household incomes are also expected to rise, but the country's appeal as a business destination has slightly decreased. As per the survey, global economic sentiment has generally improved significantly since May. ...Less

Manipur's Chief Minister addressed public concerns, leading to the Census deferment. The state government ...More

Manipur's Chief Minister addressed public concerns, leading to the Census deferment. The state government also extended the Inner Line Permit System in 2019. The recent unrest significantly impacted Manipur's economy, causing substantial revenue losses. The Chief Minister urged citizens to avoid bandhs and engage in dialogue for problem resolution. He called for collective efforts towards peaceful development and achieving a developed India by 2047. ...Less

While the recent rise in yields may make short-tenor bonds more attractive, the long end remains vulnerab ...More

While the recent rise in yields may make short-tenor bonds more attractive, the long end remains vulnerable to global rate pressures and domestic fiscal risks. Apoorva Javadekar, Chief Economist at Shriram Group, believes the 2-year segment offers a relatively attractive entry point, while investors should remain cautious on long-duration bonds. ...Less

GST collections show economic activity holding up after the overhaul. Consumers are upgrading to better p ...More

GST collections show economic activity holding up after the overhaul. Consumers are upgrading to better products and larger screen televisions. Automobile dispatches have remained particularly strong after the tax changes. FMCG companies saw an initial pickup in volumes after the GST changes. Geopolitical events and rising input costs present new challenges. ...Less

India is on track for 6.5-7% real GDP growth and 11-12% nominal growth this fiscal year, Jefferies said, ...More

India is on track for 6.5-7% real GDP growth and 11-12% nominal growth this fiscal year, Jefferies said, citing resilient domestic demand, faster bank credit and improving economic activity. Strong MSME and corporate lending could signal a revival in private-sector capex, while GST collections, power demand and housing sales remain robust. ...Less

Garg, who has been at the centre of the recent controversy over the government's GDP growth estimates, ha ...More

Garg, who has been at the centre of the recent controversy over the government's GDP growth estimates, had questioned the Centre's claim of 14.8% growth in gross GST collections in August and 11% growth in the first five months. In a social-media post, with an attached article, he argued that the headline numbers present an overly favourable picture of revenue performance because compensation cess collected in the year-earlier period was excluded from the comparison. ...Less

UPI payments to merchants above two thousand rupees will attract a zero point four percent merchant disco ...More

UPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eighteen percent GST on these charges, which is effective October 15th. Registered merchants can claim input tax credit on the GST paid on these fees. This tax structure aims to generate significant GST revenue for the government annually. ...Less

Bank of India Mutual Fund CIO Alok Singh sees scope for banks to re-rate as low NPAs, healthy returns and ...More

Bank of India Mutual Fund CIO Alok Singh sees scope for banks to re-rate as low NPAs, healthy returns and loan growth support fundamentals. He expects policy announcements and stronger business numbers to ease concerns around NIMs and FCNR flows, while capital goods, banking and metals could deliver stronger earnings momentum. ...Less

India's economy shows resilience despite global geopolitical and financial challenges. Strong bank credit ...More

India's economy shows resilience despite global geopolitical and financial challenges. Strong bank credit and GST collections support this positive economic outlook. Rising global interest rates and oil prices introduce volatility after a calm period. India's Chief Economic Adviser emphasizes the need for adaptation and innovation. Private sector investment and R&D are crucial for future economic growth. ...Less

Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discoun ...More

Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 300. Besides, a flat concessional MDR rate of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000. ...Less

The CBIC stated that comparing GST revenue figures using different tax bases is misleading. Growth calcul ...More

The CBIC stated that comparing GST revenue figures using different tax bases is misleading. Growth calculations must be made on a like-for-like basis for meaningful analysis. The compensation cess was discontinued on most items from September 2025. Since then, no compensation cess has been collected by the government. Fair analysis requires comparing comparable datasets for accurate insights. ...Less

India’s GST collections in November 2025 rose marginally to ₹1.70 lakh crore, up 0.7% year-on-year, with ...More

India’s GST collections in November 2025 rose marginally to ₹1.70 lakh crore, up 0.7% year-on-year, with year-to-date collections growing 8.9%. Net GST revenue grew 1.3% to ₹1.52 lakh crore. Domestic GST revenue dipped 2.3% due to weaker IGST inflows, while GST from imports grew 10.2%. ...Less

In August, India's GST collections rose by 14.8%, totaling ₹2 lakh crore. The surge in bulk car sales by ...More

In August, India's GST collections rose by 14.8%, totaling ₹2 lakh crore. The surge in bulk car sales by 36% indicates robust consumer enthusiasm, while the UPI system hit a record with 24.51 billion processed transactions, pointing to a rise in digital transactions. Additionally, power consumption surged by 12.9%, portraying an ongoing economic recovery following a solid June quarter. ...Less

India's economic indicators showed resilience and growth in August. Goods and services tax collections ro ...More

India's economic indicators showed resilience and growth in August. Goods and services tax collections rose 14.8 percent to ₹2 lakh crore. Bulk car sales surged 36 percent, and UPI transactions reached a new record. Power consumption increased 12.9 percent, signaling economic momentum. These figures reflect healthy consumption and improving compliance across the nation. ...Less

The GST collections in April jumped to its highest level of Rs 1,13,865 crore since its roll out in 2017. ...More

The GST collections in April jumped to its highest level of Rs 1,13,865 crore since its roll out in 2017. ...Less

GST collection: Experts said the double-digit growth in collections reflected the underlying economic mom ...More

GST collection: Experts said the double-digit growth in collections reflected the underlying economic momentum and the monthly moderation was attributable to holidays and the base effect. ...Less

India's goods and services tax collections grew 11 per cent to around Rs 1.60 lakh crore on an annual bas ...More

India's goods and services tax collections grew 11 per cent to around Rs 1.60 lakh crore on an annual basis in August. India's GST collections have seen a 11 per cent YoY increase in recent months. GST collection had seen a similar annualised jump in July, at Rs 1.65 lakh crore. ...Less

The total gross collection for FY23 was Rs 18.10 lakh crore, an average Rs 1.51 lakh a month and up 22% f ...More

The total gross collection for FY23 was Rs 18.10 lakh crore, an average Rs 1.51 lakh a month and up 22% from FY22, data released on Saturday showed. “Monthly GST collections for the month of March being the second highest of all time, coupled with 22% higher GST collections for FY22-23 over last year point towards the growing trajectory of the Indian economy,” said Abhishek Jain, partner, indirect tax, KPMG in India. ...Less

Odisha's GST collections rose by 12.85% to Rs 4,249.12 crore in September compared to the same month last ...More

Odisha's GST collections rose by 12.85% to Rs 4,249.12 crore in September compared to the same month last year. The state's collection to be retained was Rs 1,651.58 crore, a growth of 42.74% from September 2022. The state generated 20.66 lakh waybills, up from 17.66 lakh in the same period last year. ...Less

India's GST collections surged by nearly 14% to Rs 1.95 lakh crore in June 2026, marking a significant ye ...More

India's GST collections surged by nearly 14% to Rs 1.95 lakh crore in June 2026, marking a significant year-on-year increase. This robust growth was primarily fueled by a substantial 34.6% jump in import revenues, alongside a healthy 6.5% rise in domestic GST collections. ...Less

India's GST collection for June reached Rs 1.85 lakh crore, a 6.2% year-on-year increase, though lower th ...More

India's GST collection for June reached Rs 1.85 lakh crore, a 6.2% year-on-year increase, though lower than previous months. Over the past five years, GST collections have doubled, hitting a record Rs 22.08 lakh crore in FY25. This represents a 9.4% growth compared to FY24, marking the highest annual GST collection since its implementation in 2017. ...Less

Maharashtra is set to end the Covid-impacted financial year with Goods and Services Tax (GST) collections ...More

Maharashtra is set to end the Covid-impacted financial year with Goods and Services Tax (GST) collections lower by 11.6% in comparison to the previous year. Data till March 25 shows that in 2019-20, the state collected Rs 1.85 lakh crore as GST, which fell to Rs 1.64 lakh crore in the current year—a Rs 21,594 crore shortfall. ...Less

India's GST collections reached Rs 2.11 lakh crore in July 2026, reflecting a 15.4% growth year-on-year. ...More

India's GST collections reached Rs 2.11 lakh crore in July 2026, reflecting a 15.4% growth year-on-year. The surge in revenue was largely driven by strong domestic performance, alongside a significant 28.8% leap in import tax collections. Together, these key elements propelled the remarkable fiscal results, underscoring the continuing upward trend in the nation's economic landscape. ...Less

India's GST collections for January surged to Rs 1.96 lakh crore, marking a 12.3% year-on-year increase. ...More

India's GST collections for January surged to Rs 1.96 lakh crore, marking a 12.3% year-on-year increase. Central GST collections were Rs 36,100 crore, and state collections were Rs 44,900 crore. Integrated GST and GST cess collections stood at Rs 1.01 lakh crore and Rs 13,400 crore, respectively. The government anticipates a 11% rise in GST revenue to Rs 11. ...Less

Gujarat's GST collection surged by 13% in April 2025, reaching ₹14,970 crore, surpassing the national ave ...More

Gujarat's GST collection surged by 13% in April 2025, reaching ₹14,970 crore, surpassing the national average growth. The state secured the third position nationwide in GST collections, driven by a 14% increase in total GST revenue for the financial year 2024-25. Gujarat outperformed several major states, while smaller states and union territories also showed significant growth. ...Less

The gross goods and service tax (GST) revenue collection in the month of February 2023 stood at Rs 1,49,5 ...More

The gross goods and service tax (GST) revenue collection in the month of February 2023 stood at Rs 1,49,577 crore, up around 12% on an annual basis. With this, the monthly GST revenues remained over Rs 1.4 lakh crore for 12 straight months in a row, the Finance Ministry said in a statement ...Less

India's gross GST revenue collection in June reached Rs 1,61,497 crore, marking a 12% increase compared t ...More

India's gross GST revenue collection in June reached Rs 1,61,497 crore, marking a 12% increase compared to the previous year. This is the 15th consecutive month that monthly GST revenue has exceeded Rs 1.4 lakh crore. Additionally, the average monthly gross GST collection for the first quarter of FY 2021-22, FY 22-23, and FY 23-24 were Rs 1.10 lakh crore, Rs 1.51 lakh crore, and Rs 1.69 lakh crore respectively. Domestic transactions accounted for 18% more revenue than in June last year. ...Less

India’s goods and services tax (GST) collections reached ₹1,93,384 crore in January, up 6.2% from the sam ...More

India’s goods and services tax (GST) collections reached ₹1,93,384 crore in January, up 6.2% from the same month last year, the government said on Sunday, supported by strong domestic activity and healthy growth in import revenues. ...Less

GST collection increased to Rs 1.82 lakh crore in November, an 8.5 per cent rise from the previous year. ...More

GST collection increased to Rs 1.82 lakh crore in November, an 8.5 per cent rise from the previous year. Central GST was Rs 34,141 crore, State GST at Rs 43,047 crore, Integrated IGST at Rs 91,828 crore, and cess at Rs 13,253 crore. The total collections from April to November stood at Rs 14.57 lakh crore. ...Less

In March 2024, Goods and Service Tax (GST) collection surged 11.5% year-on-year to Rs 1.78 lakh crore, ma ...More

In March 2024, Goods and Service Tax (GST) collection surged 11.5% year-on-year to Rs 1.78 lakh crore, marking the second-highest since GST's inception in July 2017. For FY24, GST collection soared by 11.7% to Rs 20.14 lakh crore, with average monthly collection rising to Rs 1.68 lakh crore from the previous year's Rs 1.5 lakh crore. ...Less

Goods and services tax (GST) collections rose 11% to ₹1.65 lakh crore in July on the back of stable econo ...More

Goods and services tax (GST) collections rose 11% to ₹1.65 lakh crore in July on the back of stable economic recovery and improved compliance. The collections crossed the ₹ 1.6 lakh crore mark for the fifth time since the roll out of the new indirect tax regime in July 2017. ...Less

The numbers are in line with the other disappointing economic indicators. ...More

The numbers are in line with the other disappointing economic indicators. ...Less

"The government has settled ₹33,997 crore to CGST and ₹28,538 crore to SGST from IGST as regular settleme ...More

"The government has settled ₹33,997 crore to CGST and ₹28,538 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2022 is ₹59678 crore for CGST and ₹61189 crore for the SGST. In addition, Centre had also released ₹17,000 crore as GST compensation to States/UTs in November 2022," stated the release. ...Less

Goods and Services Tax collections saw a 4.6% increase in October, reaching Rs 1.96 lakh crore. This grow ...More

Goods and Services Tax collections saw a 4.6% increase in October, reaching Rs 1.96 lakh crore. This growth indicates robust economic activity and consumer spending during the festive season. Net tax collections after refunds also showed a marginal rise. ...Less

India's Goods and Services Tax (GST) collection for June reached Rs 1.61 lakh crore, showing a 12% growth ...More

India's Goods and Services Tax (GST) collection for June reached Rs 1.61 lakh crore, showing a 12% growth. This is the fourth time since the inception of GST that the collection has crossed the Rs 1.6 lakh crore mark. Revenues from domestic transactions, including imports, were 18% higher than the previous year. ...Less

India's GST collections surged to Rs 1.89 lakh crore in September, marking a 9.1% annual increase. Concur ...More

India's GST collections surged to Rs 1.89 lakh crore in September, marking a 9.1% annual increase. Concurrently, the GST Council rationalized the tax structure, reducing four slabs to two (5% and 18%) by scrapping the 12% and 28% rates. This landmark reform, effective September 22, 2025, aims to boost consumption and ease household budgets. ...Less

GST Collection August 2024: Goods and Services Tax (GST) collections in August saw a significant increase ...More

GST Collection August 2024: Goods and Services Tax (GST) collections in August saw a significant increase, totaling Rs 1,74,962 crore, which marks a 10% rise. This growth was observed across all categories: Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess. ...Less

Haryana has emerged as one of the top five states in India in terms of Goods and Services Tax (GST) colle ...More

Haryana has emerged as one of the top five states in India in terms of Goods and Services Tax (GST) collections during the first six months of the current fiscal year. The state collected a total of Rs 32,076 crore, an increase of 18.3% compared to the same period last year. The state government is also focusing on modernizing and strengthening its excise and taxation department. ...Less

This is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark. ...More

This is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark. ...Less

The Goods and Services Tax (GST) revenue for the month of June surged by 56% on an annual basis to nearly ...More

The Goods and Services Tax (GST) revenue for the month of June surged by 56% on an annual basis to nearly Rs 1.45 lakh crore as against Rs 1.4 lakh crore in May, revealed finance minister Nirmala Sitharaman on Friday. ...Less

India's goods and services tax (GST) revenue for December stood at Rs 1.77 lakh crore, marking a 7.3% inc ...More

India's goods and services tax (GST) revenue for December stood at Rs 1.77 lakh crore, marking a 7.3% increase compared to the same month last year, according to government data released on Wednesday. ...Less

The government, in its Budget, has projected an 11% rise in GST revenue for the year, estimating total co ...More

The government, in its Budget, has projected an 11% rise in GST revenue for the year, estimating total collections at ₹11.78 lakh crore, which includes Central GST and compensation cess. ...Less

India's goods and services tax collections rose 9.9% to Rs 1.96 lakh crore crore during March. Previously ...More

India's goods and services tax collections rose 9.9% to Rs 1.96 lakh crore crore during March. Previously, goods and services tax collections rose 9.1% to Rs 183,646 crore during February on the back of double-digit rise in the mop up from domestic sources. ...Less

The gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGS ...More

The gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods) and cess is Rs 9,417 crore (including Rs 981 crore collected on import of goods). ...Less

Goods and service tax (GST) revenue touched an all-time high in March 2021, with the government collectin ...More

Goods and service tax (GST) revenue touched an all-time high in March 2021, with the government collecting nearly Rs 1.24 lakh crore, the finance ministry said on Thursday. ...Less

Final figures and details of collections for the entire month will be intimated on February 2. ...More

Final figures and details of collections for the entire month will be intimated on February 2. ...Less

February was the fourth consecutive month when collections crossed Rs 1 lakh crore. Central GST mop-up fo ...More

February was the fourth consecutive month when collections crossed Rs 1 lakh crore. Central GST mop-up for March stood at Rs 19,183 core as against Rs 20,569 crore in February. ...Less

"The number returns filed for the month of April up to May 31, is 62.46 lakh as against 60.47 lakh filed ...More

"The number returns filed for the month of April up to May 31, is 62.46 lakh as against 60.47 lakh filed for March till 30th April," govt said. ...Less

India's Goods and Services Tax collection saw a significant increase. Gross GST revenue for February 2026 ...More

India's Goods and Services Tax collection saw a significant increase. Gross GST revenue for February 2026 reached Rs 1.83 lakh crore, an 8.1% rise compared to the previous year. For the fiscal year 2026, total GST revenue up to February 28 stood at Rs 20.27 lakh crore. This growth indicates a robust economic performance. ...Less

India's July GST collections surpassed ₹2.11 lakh crore, showing a 15.4% year-on-year increase. Import GS ...More

India's July GST collections surpassed ₹2.11 lakh crore, showing a 15.4% year-on-year increase. Import GST surged significantly, contributing to the overall robust revenue growth. Domestic consumption also showed resilience, reflecting steady household spending and industrial activity. Manufacturing states reported increased GST collections, despite higher refund payouts. Experts noted the import-driven growth warrants further examination of its underlying causes. ...Less

This is second month in a row when government has managed to collect GST over Rs 1 lakh. ...More

This is second month in a row when government has managed to collect GST over Rs 1 lakh. ...Less

Giving a break-up of the collections, the ministry said that CGST accounted for Rs 28,963 crore, while th ...More

Giving a break-up of the collections, the ministry said that CGST accounted for Rs 28,963 crore, while the SGST stood at 36,730 crore. The IGST accounted for 79,599 crore (including Rs 37,118 crore collected on import of goods) and cess was Rs 10,630 crore (including Rs 768 crore collected on import of goods). ...Less

India's GST collections rose 7.3% to `1.77 lakh crore in December compared to the previous year. This gro ...More

India's GST collections rose 7.3% to `1.77 lakh crore in December compared to the previous year. This growth slowed from an 8.5% increase in November. The post-festive season slump and consumption slowdown are factors. Experts expect a pickup in the March quarter. The government's budget may include measures to boost consumption. ...Less

GST collections in India for September were Rs 1.73 lakh crore, which is lower than August's Rs 1.75 lakh ...More

GST collections in India for September were Rs 1.73 lakh crore, which is lower than August's Rs 1.75 lakh crore. August saw a 10 per cent increase from last year with collections of Rs 1,74,962 crore. July's collections were Rs 182,075 crore. In 2024, total collections have increased by 10.1 per cent from the same period in 2023. ...Less

Of the total GST collection, CGST is Rs. 16,812 crore, SGST is Rs. 23,070 crore, IGST is Rs. 49,726 crore ...More

Of the total GST collection, CGST is Rs. 16,812 crore, SGST is Rs. 23,070 crore, IGST is Rs. 49,726 crore. ...Less

Andhra Pradesh witnessed a significant surge in tax revenue, achieving a record Rs 8,860 crore in net GST ...More

Andhra Pradesh witnessed a significant surge in tax revenue, achieving a record Rs 8,860 crore in net GST collection during Q1 of the current financial year, marking a 3.40 percent growth. The state recorded highest-ever net GST collections for April, May and June 2025. This surge is attributed to strong compliance, enforcement, and increased commercial activity across various sectors. ...Less

In a written reply to a question in the Lok Sabha, Sitharaman said concerted efforts have been made to im ...More

In a written reply to a question in the Lok Sabha, Sitharaman said concerted efforts have been made to improve tax compliance. ...Less

Net goods and service tax collections for Centre – which includes central GST, integrated GST and compens ...More

Net goods and service tax collections for Centre – which includes central GST, integrated GST and compensation cess - during FY21 is Rs 5.48 lakh crore, 8% lower than Rs 5.99 lakh crore in FY20. ...Less