GST Collection

The GST Compensation Cess collections slipped a sharp 69.06 per cent to ₹4,006 crore from nearly ₹13,000 crore a year ago

In August and September, collections were relatively subdued at ₹1.86 trillion and ₹1.89 trillion, respectively

Maharashtra, Karnataka, Gujarat, Tamil Nadu and Haryana contributed over 40 per cent of GST revenues in Apr-Sep FY26, with Maharashtra leading at ₹31,830 crore monthly

Net GST collections had risen 10.7 per cent in August, aided by a 20 per cent decline in refunds during the month

Hotels face GST demands as authorities flag underpayment on restaurant services linked to room tariffs above ₹7,500

A simplified GST structure will help all stakeholders. The government expects that lower GST rates, along with income-tax relief, will boost consumption

Opposition-ruled states warn of steep annual losses; Centre assures higher consumption will offset revenue hit

Multiplexes want GST reforms on tickets and F&B, along with single-window clearance, to make cinema more affordable and help boost screen growth to 10 per cent annually

RBI will conduct an overnight variable rate repo auction to infuse Rs 50,000 crore into the banking system, easing tightness from GST outflows and maturing VRRR amounts

GST collections expanded just 1.7 per cent in July, the slowest growth rate since the Centre began publishing monthly net receipts

The call for a single rate correctly identifies this multiplicity as a central problem

Net direct tax collections fell to Rs 6.63 trillion till August 11 in FY26 due to higher corporate refunds, while gross collections also declined 1.9%

July's net GST kitty growth marks the slowest pace since last February from when disaggregated data on gross and net GST collections is available. In June, net GST revenues were up 3.3 per cent

Of the total collection, the share of goods and services tax (GST) and value added tax (VAT) stood at ₹20,798 crore and ₹7,060 crore, respectively

June collections marked a decline when compared to the previous month, when the Centre collected ₹2.01 trillion in May

A Bank of Baroda study finds over five states will account for nearly 50% of ₹10.2 trillion in state capital outlay for FY26, with GST remaining the largest tax revenue contributor

Kolkata faces a potential state GST loss of nearly Rs 25 crore this fiscal year as the State Bank of India (SBI) moves to relocate its Global Market Unit (GMU) from Kolkata to Mumbai, a civil society organisation has claimed. This proposed shift has drawn protests from civil society groups like Bank Bachao Desh Bachao Manch (Save Bank, Save Nation Platform), describing SBI's decision as "arbitrary and opaque". "The GMU and associated units contribute significantly to state revenues via GST, nearly Rs 25 crore this fiscal year. Additionally, over 70 contractual staff stand to lose their jobs," Bank Bachao Desh Bachao Manch joint convenors Biswaranjan Ray and Soumya Datta said in a complaint. The State Bank of India recently stated that decisions regarding the opening, shifting, or rationalisation of branches and offices are part of an ongoing business process based on evolving operational and administrative needs. This explanation was provided by the Deputy General Manager ...

Infosys said it has received official communication from the GST intelligence authority closing pre-show cause proceedings for financial years 2017-18 to 2021-22

Gross GST collections rose 16.4 per cent to over Rs 2.01 lakh crore in May, as per government data released on Sunday. This comes after a record high Goods and Services Tax (GST) collection in April, when the revenues touched an all-time high of Rs 2.37 lakh crore. In May, gross revenues from domestic transactions rose 13.7 per cent to about Rs 1.50 lakh crore, while GST revenue from imports grew 25.2 per cent to Rs 51,266 crore. In May, the gross Central GST revenues stood at Rs 35,434 crore, State GST revenues at Rs 43,902 crore and Integrated GST at about Rs 1.09 lakh crore. Revenues from Cess was at Rs 12,879 crore. In May, 2024, the mop up was Rs 1,72,739 crore. Meanwhile, total refunds during the month fell 4 per cent to Rs 27,210 crore. Net GST mop-up stood at about Rs 1.74 lakh crore, a 20.4 per cent year-on-year growth. Deloitte India Partner M S Mani said the wide variations in the growth of GST collections across states require a thorough analysis across the sectors t

The Supreme Court has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday. The Directorate General of GST Intelligence, New Delhi had issued a show cause notice (SCN) to First Games in April. "We hereby inform you that First Games has informed us on May 24, 2025 at 10:44 am (IST) that in the writ petition ...filed by First Games challenging the said SCN, the Hon'ble Supreme Court of India has on May 23, 2025 stayed the proceedings of the SCN," the regulatory filing said. One97 Communications, which owns Paytm brand said the tax matter is an industry-wide issue and not limited to First Games and the matter is being heard by the apex court.