Improved compliance coupled with a spur in economic activity pushed GST collection to ₹1.78-lakh crore in March, the Finance Ministry reported on Monday. It is 11.5 per cent higher than March 2023 collection number of ₹1.60-lakh crore. This is the second all-time high collection after ₹1.87-lakh crore in April last year. Collection in March is … Read more
General elections are set to boost collection from Goods & Services Tax (GST) during first three months – April to June – of next fiscal year 2024-25 starting April 1. Impact of election was observed in 2019, first general election after introduction of GST. Collection number of April, May and June will be made public … Read more
Better consumption, improved compliance and good collection in majority of States helped mop-up from GST to ₹1.68-lakh crore in February. This is 12.5 per cent higher than February of 2023. However, there is no indication about rate rationalisation in near term. Although on a sequential basis the collection is 2.2 per cent lower than January, … Read more