GST revenue scales to all-time high of ₹1.68 lakh cr in April
April GST collection is 18% more than the previous record of ₹1,42,095 crore in March, as per finance ministry data.
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January 2022
March GST revenue at record high of ₹1.42 lakh crore
The gross GST collection in March is all-time high, breaching earlier record of ₹1,40,986 crore collected in the month of January 2022.
GST increased tax burden on hospitals, diagnostics
A study shows that essential medicines and life-saving drugs account for a major proportion of embedded taxes for hospitals.
GST evasion: Govt recovers ₹95.86 crore from crypto exchanges
The total quantum of tax evasion detected was ₹81.54 crore.
Promise of GST not utilised due to multiple slabs, excess authority to Centre: Subhash Garg
Garg maintains that due to the compromises the promise of the GST has not been utilised fully resulting in current revenues at 11–11.5%.
Revenue Secy rules out GST cut on cement, hints at rate rationalisation
The GST Council is expected to meet later this month and it will consider a report from the Group of Ministers (GoM) on GST slab rationalisation.
Feb GST slips sequentially to ₹1,33,026 cr, but up 18% Y-o-Y
Experts opine that GST collections over ₹1,30,000 crore despite the third wave indicate that the compliance measures are making an impact.
Relook at capital gains tax needed: Revenue Secretary Tarun Bajaj
In a post-budget interaction with CII, Bajaj also listed GST and personal income tax as areas on which work is in progress.
SC fines GST officer for 'unnecessary litigation' with assessee
Calling the plea as 'misconceived', the apex court enhanced the fine imposed by the High Court against Telangana state's GST officer.
Funds to states way below 42%; why that hurts growth
Against the Finance Commission awards, Centre collects cess and surcharge but devolves less to states as share in fiscal resources.
