GST Revenue Collection

Several states posted double-digit growth in GST collections in July 2025, led by Tripura at 41 per cent. However, Mizoram, Jharkhand bucked the trend, reporting declines in revenue during the month

Crisis-hit SpiceJet, which has recently raised Rs 3,000 crore, on Friday said it has cleared all pending salary and GST dues as well as deposited ten months' dues of provident fund. On September 23, the airline announced raising Rs 3,000 crore through Qualified Institutional Placement (QIP) of shares. An airline spokesperson said that within the first week of raising fresh funds, it has cleared all pending salary and GST dues and has made significant progress by depositing ten months' dues of PF. The process of clearing other outstanding dues is ongoing, he said in a statement. Among other efforts, the airline has reached settlement with various aircraft lessors. SpiceJet has been facing multiple headwinds, including financial problems and legal woes. It is also operating with a reduced fleet. On Friday, shares of SpiceJet fell 4.25 per cent to close at Rs 62.79 apiece on BSE.

Revenues of top 18 states, which account for 90 per cent of India's gross state domestic product, are likely to grow at a pace of eight to 10 per cent during the current financial year at Rs 38 lakh crore, according to a CRISIL Ratings report. Last fiscal, the revenues of the 18 states grew by seven per cent, it said. The growth will be primarily driven by robust GST collections and devolution of finances from the Centre, which comprise around 50 per cent of the aggregate state revenues, according to the report. It said while revenue on liquor sales, which is ten per cent of the states' revenues, is expected to remain stable, collections of sales tax imposed on petroleum products and grants recommended by the 15th Finance Commission will be modest. Senior director of CRISIL Ratings Anuj Sethi said that the biggest impetus to revenue growth will continue to come from aggregate state GST collections and also from improved tax compliance and greater formalisation of the economy. Cent

GST, which completed 7 years of implementation on Monday, has brought happiness and relief to every home through reduced taxes on household appliances and mobile phones, the finance ministry said

Driven by domestic transactions and imports, the gross goods and services tax (GST) collections for April 2024 saw a 12.4 per cent year-on-year growth

The GST Network (GSTN) on Thursday said the due date for filing return for outward supplies or GSTR -1 for March will be extended till April 12. In a post on X (formerly Twitter), the GST Tech said the GSTN has noticed that taxpayers are facing difficulties in filing GSTR-1 intermittently since Wednesday due to technical issues leading to slow response on the portal. "GSTN has accordingly recommended to @cbic_india that the due date for filing of GSTR-1 for the monthly taxpayers be extended by a day ie till 12/4/24," the GST Tech said. The due date to file GSTR-1 for a given tax period is 11th day of the succeeding month in case of taxpayers filing it monthly and the 13th day of month succeeding the end of every quarter in case of taxpayers filing quarterly.

Net GST collections rise 18.4% in March, 13.4% in FY24

Mop-up increases 28% YoY in August to Rs 1.43 trillion; most big states see double-digit growth in collections

Collection remains above Rs 1.4 trn for fifth straight month

India's manufacturing sector growth steadied in May on the back of rising international orders despite an increase in prices.

If the Centre does not extend the GST compensation from July this year, Maharashtra, which pays the maximum taxes, will lose Rs 30,000 crore annually, a senior official said

The Directorate General of GST Intelligence and the CGST Commissionerates have recovered over Rs 700 crore and arrested 215 persons in the last two months in cases related to fake GST invoices

Centre to propose one a year tweaking; states say proposal is not enough, slabs need to be changed, experts call for flexibility to cater to immediate needs

Form 26As is a yearly consolidated tax statement accessible from income-tax dept's website using a PAN. One can refer to it for details of high-value expenses and taxes paid

The GST Council will have to work out a mid way solution for making good the GST collection shortfall, Bihar Deputy CM Sushil Modi has said.

Modi tells Dilasha Seth that the proposed reforms like simplified return form and e-invoicing facility, among others, will be difficult to push through in the fourth year.

The mop-up stood at Rs 1.031 trillion in December, slightly lower than the seven-month high of Rs 1.034 trillion collected in November

In December 2018, the GST collection was Rs 97,276 crore

The GST, which replaced almost all the indirect taxes, came into force from July 1, 2017, and the rates on goods and services have been revised several times since then

Expectations of additional tax burden in GST Council meet, competitive intensity may impact volume growth and margin of its mainstay cigarette biz