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GST COLLECTIONS AUGUST 2023
Healthy consumption: GST collections surge to Rs 2 lakh crore, car sales jump 36%India's economic indicators showed resilience and growth in August. Goods and services tax collections rose 14.8 percent to ₹2 lakh crore. ...- India manufacturing PMI falls to 5-year low in August as demand weakensIndian manufacturing faced its lowest growth rate in five years during August, characterized by a slowdown in output and new orders amid di...
- Car sales jump 36% in August, companies gear up for festive boomIn India, passenger vehicle sales achieved impressive double-digit growth last month, spurred by automakers ramping up factory dispatches t...
- Can a right to collect toll become taxable payment? The GST questionA Supreme Court case questions whether a government-granted right to collect tolls constitutes non-monetary payment for highway constructio...
- India’s passenger vehicle sales jump 35% to 4.5 lakh in August as Maruti, M&M drive growthPassenger vehicle sales in India soared by 35 percent in August, reflecting a thriving automotive market. Leading manufacturers such as Mar...
- Petrol, diesel sales soar on erratic monsoon rains, LPG demand shifts to piped gasIndia’s petrol and diesel sales surged in August as erratic monsoon rainfall increased demand from farmers and motorists. Petrol consumptio...
- Tata Motors commercial vehicle sales up 49% in August at 44,411 unitsTata Motors reported a forty-nine percent growth in total commercial vehicle sales. Domestic commercial vehicle sales increased by thirty-t...
- India's gross GST revenue up 14.8% on year to nearly Rs 2 lakh crore in AugustIndia’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,...
- Mahindra & Mahindra reports 5% growth in domestic tractor sales at 27,595 units in AugustMahindra & Mahindra's farm equipment business saw domestic tractor sales rise five percent year-on-year. Total tractor sales, including exp...
- Maruti Suzuki plans Rs 77,500 crore capex over 5 years to boost demand post-GSTMaruti Suzuki will invest Rs 77,500 crore in capital expenditure over five years. This significant investment aims to capitalize on anticip...
- Cloud computing: Weatherman sees weak rains in September, warns of farm risksIndia is preparing for an anticipated shortage of rainfall this September, likely affecting agricultural productivity and water availabilit...
- Q1 GDP print shows domestic momentum strong but global risks remain a concern: CEA NageswaranIndia's domestic economic momentum remains strong in the near term, but uncertainties over global interest rates, energy supplies and food ...
- Market wrap: Sun Pharma, Nestle India, ITC, Adani Ports top gainers and losers on Nifty and Sensex on MondayIndian benchmark indices ended lower on Monday, with the Sensex falling 307 points and the Nifty50 declining 0.39% amid rising US bond yiel...
- Delhi's August: Above-normal rain, warm nights, and three-year high AQIDelhi received significantly more rainfall than usual this August. Day and night temperatures remained notably high throughout the month. T...
- GST Council's 57th meeting to be held on September 12, officers' meeting on September 11The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in...
- Mahadev Betting case: DGGI seeks ₹40,603 cr in GST from promotersThe DGGI has issued show-cause notices to Mahadev Book promoters for over ₹40,603 crore. These notices propose GST demands and penalties fo...
- US consumer sentiment drops in August on inflation worriesIn August, U.S. consumer sentiment took a hit, largely due to ongoing inflation concerns and the escalating conflict in the Middle East. Th...
- DGGI gives Chandrakar, Uppal 30 days to respond to Rs 40,603 crore GST demandThe DGGI has issued notices to Mahadev Book promoters demanding over Rs 40,603 crore in GST. These notices cover alleged transactions linke...
- National Space Day 2026: From bicycles to global space leadership, ISRO chief recalls India's journeyIndia observed its third National Space Day, commemorating the Chandrayaan-3 lunar landing. ISRO Chairman Dr. V. Narayanan recalled the age...
- Govt halves bulk sugar stock limit to 15 days as prices surgeGovernment halves bulk sugar stock limit to 15 days as prices surge 20% ahead of festive demand. It has also ordered mills to report detail...
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