States borrowings increased 5.34% in 2022-23
Among the ten identified states, Andhra Pradesh, Bihar, Rajasthan, and Punjab exceeded both debt and fiscal deficit targets for 2020-21 set by the 15th Finance Commission.
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May 2023
March 2023
February 2023
January 2023
SGST revenue of 6 biggest states up 19% in FY23
Maharashtra has seen the maximum growth in SGST collection followed by Uttar Pradesh.
GST e-invoicing threshold lowered to ₹5 crore
Businesses with a turnover of ₹5 crore or more will be required to switch to e-invoicing from August 1, 2023
PM Modi lauds record GST revenue, says great news for Indian economy
GST revenue collection for April stood at record level of ₹1,87,035 crore, up 12% from ₹1,67,540 collected in the same month last year.
GST revenue at record high of ₹1.87 lakh cr in April
The gross GST revenue collected in the month of April, 2023 stood at ₹1,87,035 crore.
RuPay, UPI India’s identity in world, says PM
PM Modi says India is being called the "bright spot" of the global economy, and that the benefits of the strength of its banking system should reach maximum people.
Budget 2023: Monthly Gross GST Collection On The Rise
The average monthly gross GST collection has increased from ₹0.90 lakh crore in FY18 to ₹1.49 lakh crore in FY23.
Budget 2023: Higher Expectation From GST
Of the total GST collection, 85% is expected to come from central GST (₹6,60,000 crore) and 15% (₹1,20,000 crore) from GST compensation cess.
Budget 2023: Govt debt up 2.75 times to ₹155 lakh cr; GDP, per capita need boost, says Congress
Modinomics is full of high debt, inflation, unemployment and inequality, says the Congress.
Budget 2023: Tax Rates Need To Be On Par For Listed Companies & Start-ups
Despite funding to start-ups going towards asset creation and jobs, tax rate and holding period are twice that of listed securities.
