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

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

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

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

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

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

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 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

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

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 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

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

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

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

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

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

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

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

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

According to Garima Kapoor, Deputy Head of Research and Economist at Elara Capital, it would be wrong to ...More

According to Garima Kapoor, Deputy Head of Research and Economist at Elara Capital, it would be wrong to dismiss the growth number as merely a statistical upgrade. ...Less

India's automotive sector achieved record domestic sales across multiple segments in FY2025-26. Passenger ...More

India's automotive sector achieved record domestic sales across multiple segments in FY2025-26. Passenger vehicles and two-wheelers saw their highest-ever sales figures during this period. Exports also experienced significant growth, reflecting strong international demand for Indian vehicles. The industry fully transitioned to E20-compliant gasoline vehicles, supporting national energy goals. Electric vehicle registrations grew substantially, driven by government initiatives and industry collaboration. ...Less

Prime Minister Modi urged the Indian auto industry to innovate for Viksit Bharat by 2047. Adviser Tarun K ...More

Prime Minister Modi urged the Indian auto industry to innovate for Viksit Bharat by 2047. Adviser Tarun Kapoor stressed accelerating the electric mobility transition for energy security. He warned of increasing restrictions on four-wheelers, especially in urban areas. Government reforms and incentives are boosting domestic manufacturing capabilities and EV adoption. Industry must prepare for eventual tapering of subsidies and policy changes. ...Less

India’s gross GST revenue rose 14.8% year-on-year to Rs 1.99 lakh crore in August 2026, up from Rs 1.74 l ...More

India’s gross GST revenue rose 14.8% year-on-year to Rs 1.99 lakh crore in August 2026, up from Rs 1.74 lakh crore a year earlier. However, collections fell from Rs 2.11 lakh crore in July 2026. ...Less

India's fiscal position remains comfortable in early FY27 months. Slower nominal GDP growth could pressur ...More

India's fiscal position remains comfortable in early FY27 months. Slower nominal GDP growth could pressure the fiscal deficit target. Government spending increased significantly, and capital expenditure rose nearly thirty percent. Tax collections remained strong, with income and corporate tax showing growth. Rising subsidy costs and disinvestment receipts will need close monitoring. ...Less

India's domestic economic momentum remains strong in the near term, but uncertainties over global interes ...More

India's domestic economic momentum remains strong in the near term, but uncertainties over global interest rates, energy supplies and food prices could weigh on growth going forward, India's Chief Economic Advisor, V Anantha Nageswaran said on Monday. He said the economy had demonstrated considerable resilience despite geopolitical disruptions and external shocks, but warned that global developments could eventually have an impact on domestic activity. ...Less

Indian benchmark indices ended lower on Monday, with the Sensex falling 307 points and the Nifty50 declin ...More

Indian benchmark indices ended lower on Monday, with the Sensex falling 307 points and the Nifty50 declining 0.39% amid rising US bond yields, crude oil prices and renewed rate-hike concerns. Adani Enterprises and Adani Ports led the losers, while Sun Pharma and Nestle India were among the top gainers. ...Less

On Monday, Indian stock markets dipped, largely swayed by international factors affecting investor confid ...More

On Monday, Indian stock markets dipped, largely swayed by international factors affecting investor confidence. Heightened concerns over increasing US bond yields and stern remarks from the Fed heightened fears regarding interest rates. The situation worsened with renewed US-Iran tensions and soaring crude oil prices, triggering declines across market indices. Nevertheless, certain stocks and sectors demonstrated unexpected resilience against the prevailing bearish trend. ...Less

The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting ...More

The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in New Delhi. Details regarding the venue and agenda will be communicated shortly. The memorandum has been sent to various government offices and state finance ministers. The GST Council is India's apex indirect tax decision-making body. ...Less

Indian markets fell as rising US bond yields, hawkish Fed signals, renewed US-Iran tensions and crude abo ...More

Indian markets fell as rising US bond yields, hawkish Fed signals, renewed US-Iran tensions and crude above $90 pressured sentiment, while broader indices declined and technical indicators pointed to continued near-term volatility. ...Less

Any slowdown in the global artificial intelligence (AI) capital expenditure boom could pose a significant ...More

Any slowdown in the global artificial intelligence (AI) capital expenditure boom could pose a significant risk to India's ongoing cyclical recovery, with weaker global demand and commodity prices likely to weigh on corporate revenue and credit growth, while a still narrow domestic recovery could amplify the impact, according to Nuvama Research. ...Less

Karnataka's one-year ban on gutkha has met with opposition from the BJP, who warn that the decision could ...More

Karnataka's one-year ban on gutkha has met with opposition from the BJP, who warn that the decision could adversely affect nearly 1.5 crore families that depend on areca nut agriculture. With Karnataka contributing a large portion of India's areca nut production, the local government justifies the ban on public health grounds, focusing on tobacco and nicotine dangers. ...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 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

New research suggests ride-hailing drivers could earn significantly more annually. This shift is driven b ...More

New research suggests ride-hailing drivers could earn significantly more annually. This shift is driven by open digital networks and zero-commission models. The current commission structure leaves drivers and passengers with fewer benefits. Tax law interpretation for new models creates market uncertainty for operators. Policy changes could accelerate this transition for inclusive digital growth. ...Less

Maruti Suzuki Chairman RC Bhargava urged faster reforms for easier business operations. He anticipates si ...More

Maruti Suzuki Chairman RC Bhargava urged faster reforms for easier business operations. He anticipates significant car industry growth to 6.1 million units by 2030-31. The company is investing in biogas plants for clean energy and farmer income. He stressed the need for multiple technologies to achieve net zero emissions. Political parties should support wealth creation programs for societal benefit. ...Less

FISME seeks Goods and Services Tax reforms to ease MSME compliance burdens. They propose a safe harbour f ...More

FISME seeks Goods and Services Tax reforms to ease MSME compliance burdens. They propose a safe harbour for input tax credit and faster GST refunds. The organization also advocates for centralized compliance and simplified procedures for businesses. These changes aim to reduce costs and improve certainty for honest taxpayers. Modernizing GST administration will enhance efficiency and transparency for all. ...Less

The Indian stock market witnessed a mixed session on Tuesday as the Sensex rose over 100 points while the ...More

The Indian stock market witnessed a mixed session on Tuesday as the Sensex rose over 100 points while the Nifty 50 dropped over 150 points to trade near 24,600. The divergence follows volatility from the newly introduced Closing Auction Session framework on the NSE amid widespread losses in sectoral indices. ...Less

More than 5.9 crore income tax returns were filed by the July 31 deadline. This figure represents filings ...More

More than 5.9 crore income tax returns were filed by the July 31 deadline. This figure represents filings for assessment year 2026-27 by individuals and HUFs. Last year's extended deadline saw over 7.3 crore returns filed by September 16. Taxpayers typically file a substantial share during the final week before the deadline. ...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

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

The Union government released an additional Rs 1,09,019 crore tax devolution on August 1, 2026. This amou ...More

The Union government released an additional Rs 1,09,019 crore tax devolution on August 1, 2026. This amount is separate from the scheduled monthly devolution for August. The move aims to strengthen state finances and boost developmental expenditure. Uttar Pradesh received the largest share of this additional fund. Other states like Bihar and Madhya Pradesh also received significant allocations. ...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 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 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

Union Finance Minister Nirmala Sitharaman stated no need to revise Budget estimates. Adequate fiscal buff ...More

Union Finance Minister Nirmala Sitharaman stated no need to revise Budget estimates. Adequate fiscal buffers exist to manage global uncertainties and risks. Inflationary pressures may arise from both external and domestic factors. Industry investment is improving and critical sectors are seeing growth. The government invites industry engagement for further facilitation needs. ...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 festive shopping season is set to highlight the country's premiumisation boom despite global unce ...More

India's festive shopping season is set to highlight the country's premiumisation boom despite global uncertainty triggered by the US-Iran war. Economists and industry executives say resilient consumer demand, rising household wealth and a rapidly expanding affluent class are driving spending on premium products, from smartphones and luxury homes to automobiles and branded goods, making premium consumption a defining theme of India's economy. ...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

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

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

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

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

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

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

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

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

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

"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

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

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

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 revenue surged 13.9% to ₹1.95 lakh crore in June, driven by a significant 34.6% jump in impor ...More

India's GST revenue surged 13.9% to ₹1.95 lakh crore in June, driven by a significant 34.6% jump in import tax collections. While domestic GST saw a modest 6.5% rise, import receipts were the primary growth engine. This robust performance, despite global challenges, signals the Indian economy's underlying resilience and sustained consumer demand. ...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

January is the fourth straight month when GST collections crossed ₹1.30 lakh crore. ...More

January is the fourth straight month when GST collections crossed ₹1.30 lakh crore. ...Less

The gross GST collection in March included CGST of Rs 29,546 crore, SGST of Rs 37,314 crore and record IG ...More

The gross GST collection in March included CGST of Rs 29,546 crore, SGST of Rs 37,314 crore and record IGST of Rs 82,907 crore (including Rs 42,503 crore collected on import of goods) and cess of ₹10,355 crore (including ₹960 crore collected on import of goods), the government said in a statement. ...Less

In October, India's Goods and Services Tax (GST) collections rose 13% to Rs 1.72 lakh crore, the second-h ...More

In October, India's Goods and Services Tax (GST) collections rose 13% to Rs 1.72 lakh crore, the second-highest monthly collection this fiscal year. The strong performance was attributed to festive demand and a steady economic growth trajectory. This achievement marked the eighth consecutive month with collections surpassing Rs 1.5 lakh crore. ...Less

Karnataka experienced a notable 10% increase in GST collection last October, amounting to ₹14,395 crore. ...More

Karnataka experienced a notable 10% increase in GST collection last October, amounting to ₹14,395 crore. Chief Minister Siddaramaiah credits this achievement to welfare guarantee programs that have elevated consumer spending and spurred local economic activity, leading to a significant decrease in rural joblessness. ...Less

India's GST revenue for August 2024 marked a yearly growth of 10%, despite a month-on-month decline from ...More

India's GST revenue for August 2024 marked a yearly growth of 10%, despite a month-on-month decline from July. Experts highlight the overall growth in tax revenue and an increase in GST refunds affecting net collections. The positive trend in gross GST collections reflects a robust economy and ongoing tax reforms supporting businesses. ...Less

GST Collections: India's Goods and Services Tax (GST) revenue has witnessed a notable upswing, reaching ₹ ...More

GST Collections: India's Goods and Services Tax (GST) revenue has witnessed a notable upswing, reaching ₹1.72 lakh crore in January 2024, marking a significant 10.4% Year-on-Year (Y-o-Y) growth. This accomplishment represents the second-highest monthly collection ever recorded and the third instance in the fiscal year 2023-24 where collections surpassed ₹1.70 lakh crore. The cumulative gross GST collection for the ten-month period from April 2023 to January 2024 demonstrates a robust 11.6% Y-o-Y growth, totaling ₹16.69 lakh crore. ...Less

UP RERA has issued new guidelines for homebuyers seeking GST refunds. Eligible homebuyers can now claim e ...More

UP RERA has issued new guidelines for homebuyers seeking GST refunds. Eligible homebuyers can now claim excess GST collected through the GST department's online portal. If a project is cancelled after the promoter's credit note period expires, allottees can apply directly. Homebuyers must file refund claims within two years of agreement termination. Promoters are directed to strictly adhere to notified GST rates and ensure refunds. ...Less

E-way bills in December reached 95 million against 87.5 million in November. High e-way bill generation u ...More

E-way bills in December reached 95 million against 87.5 million in November. High e-way bill generation usually indicates high collections of Goods and Services Tax in the following month. Gross GST collections stood at Rs 1.65 trillion in December, slightly lower than the monthly average. ...Less

India's Goods and Services Tax (GST) collections soared to a new peak of Rs 2.10 lakh crore in April, mar ...More

India's Goods and Services Tax (GST) collections soared to a new peak of Rs 2.10 lakh crore in April, marking a 12.4% increase from the previous year, according to the Finance Ministry. The surge was fueled by a 13.4% rise in domestic transactions and an 8.3% increase in imports. ...Less

Punjab Finance Minister Harpal Singh Cheema reported a 62.93 per cent increase in the state's net GST col ...More

Punjab Finance Minister Harpal Singh Cheema reported a 62.93 per cent increase in the state's net GST collection for November compared to the previous year. This year, the net GST collection amounted to Rs 2,477.37 crore in November, showing an increase of Rs 956.82 crore. Total net GST collection up to November 2023-24 stands at Rs 15,392. ...Less