Gst Collections

Protecting revenue: GST may need further reforms to safeguard collections

Govt hikes excise on tobacco, levies pan masala cess amid tepid GST growth, raising concerns over divisible pool

Net GST Collection sees modest uptick at ₹1.52 trillion in November

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

GST authority imposes Rs 41 cr penalty on Torrent Pharmaceuticals

Torrent Pharmaceuticals Ltd on Friday said the central GST authority has imposed a penalty of over Rs 41 crore on the company for alleged erroneous refund on export of goods. The Joint Commissioner, Common Adjudicating Authority, Central GST, Ahmedabad South Commissionerate passed an order imposing a penalty of Rs 41,33,84,165, Torrent Pharmaceuticals Ltd said in a regulatory filing. The order dated November 26, 2025 alleges erroneous refund by department on export of goods, it added. The company further said based on its assessment, an appeal will be filed and is hopeful of favourable outcome and does not reasonably expect the order to have any material financial impact on it.

GST collections dip in 20 of 36 states and Union Territories in October

Twenty of India's 36 states and UTs saw GST revenue decline in October 2025 - the weakest month of FY26 - as businesses adjusted to the GST 2.0 rate cuts implemented in late September

Be polite in dealing with honest taxpayers: Sitharaman tells GST officers

Finance Minister Nirmala Sitharaman on Friday said GST officers should be polite and empathetic in dealing with honest taxpayers and asked them to use technology for faster registration approvals and grievance redressal. She also asked field formations to "proactively" undertake trade facilitation measures. "There is no iron wall between you and trader, there is thin air. You can understand where the difficulty is, rather than muddy it up any further," she said. Speaking at the inauguration of the CGST building in Ghaziabad, the minister flagged the need for timely conclusion of any disciplinary proceedings against officers of Central Board of Indirect Taxes and Customs (CBIC). This would send a clear message from the CBIC board that any misconduct, dereliction of duty or unethical behaviour by officers will not be tolerated. She said the ultimate goal of tax administration is to make life easy for honest taxpayers and to do that GST officers should follow the laid down SoP and sho

Five states contribute over 40% of GST revenues in April-September FY26

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

GST reforms: Some correctives a new move to strengthen the framework

However, while evaluating the GST reforms, the fundamental goal must not be forgotten. It was to raise the GST tax-to-GDP ratio by widening the tax base, by improving compliance

Desist from spending on festival gifts, Finance Ministry tells CPSEs

The Finance Ministry has asked CPSEs to discontinue the practice of spending on Diwali and festive gifts to ensure judicious utilisation of public resources and fiscal discipline

GST rationalisation could boost India's revenue in long term: S&P

S&P Global Ratings analysts say that the GST rationalisation reforms could boost India's fiscal revenues over the long term due to simpler implementation and clearer accounting processes

Nathealth calls for GST input slab for healthcare to be capped at 5%

Nathealth urges the government to cap GST input slabs for healthcare at 5% and allow input credits, citing rising embedded taxes that increase costs for providers and patients

Govt seeks to revamp entire tax system with GST reform, Income-Tax Bill

The Centre has proposed a two-tier GST with 5 per cent and 18 per cent slabs, along with a 40 per cent slab for a few items in the sin goods category

West Bengal records 12% growth in GST collection for July: CM Mamata

West Bengal has registered a 12 per cent year-on-year growth in gross Goods and Services Tax (GST) collections for July 2025, Chief Minister Mamata Banerjee said on Monday, citing provisional figures released by the Centre. In a post on X, Banerjee said the state collected Rs 5,895 crore in GST revenue last month, up from Rs 5,257 crore in July 2024. "Glad to share that West Bengal has reported a robust 12 per cent year-on-year growth in gross Goods and Services Tax (GST) collections for July 2025, recording collection of Rs 5,895 crore, compared to Rs 5,257 crore in the same month last year, according to provisional figures just released by the Government of India," she said. "Cumulative growth rate in our state's GST revenue till the month of July is 7.71 per cent. This marks a steady improvement in business and consumption in West Bengal, which is a sign of good economic health," she added. Banerjee's remarks come at a time when her government has been highlighting economic ...

Gross GST mop-up rises 7.5% to ₹1.96 trillion in July; refunds jump 67%

Gross GST mop-up was ₹1.82 trillion in July 2024. Last month, the collection was ₹1.84 trillion

Uttar Pradesh govt mops up nearly ₹27,858 crore tax revenue in Q1 FY26

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

Punjab govt to introduce anti-sacrilege law in special Assembly session

Bhagwant Mann government will introduce strict anti-sacrilege law in special Assembly session on July 10-11, calling it a historic move to fulfil long-pending demand of Punjab's people

Attracting FIIs & FPIs - balance regulations with ease of doing business

India's record GST collections and rising domestic investments highlight economic resilience, while SEBI's evolving FPI norms aim to balance transparency, compliance, and investor confidence

GST mop-up rises 12.6% to record ₹2.37 trillion in April: Govt data

Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday. The GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since the roll-out of the indirect tax regime on July 1, 2017. In March 2025, the collection was Rs 1.96 lakh crore. GST revenue from domestic transactions rose 10.7 per cent to about Rs 1.9 lakh crore, while revenue from imported goods was up 20.8 per cent to Rs 46,913 crore. Refunds issuance rose 48.3 per cent to Rs 27,341 crore during April. After adjusting refunds, net GST collection rose 9.1 per cent to over Rs 2.09 lakh crore in April.

Haryana's GST collection increases by 20% to Rs 9,925 crore in Feb

Gross GST revenue in Haryana rose by 20 per cent to Rs 9,925 crore in February 2025 from Rs 8,269 crore in the same month of last year, an official release said. The Excise and Taxation Department, Haryana, has achieved significant growth in the collection of Goods and Services Tax (GST), the release said. In February 2025, Gross GST revenue of Rs 1,83,646 crore was collected in the country, which is 9.1 per cent more than the GST revenue of the same month last year, it said. "At the same time, the gross GST collection in Haryana in February 2025 is Rs 9,925 crore, while in February 2024, it was Rs 8,269 crore, which shows an increase of 20 per cent. This is double the national growth average of 10 per cent," the statement said. Haryana remains among the top five states in the country in GST collection along with Maharashtra, Karnataka, Gujarat and Tamil Nadu. The statement said this not only reflects the success of the tax reform policy of the Haryana Government but also an impor

Gross GST collections increase 9.1% to Rs 1.84 trillion in February

Gross GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February, official data showed on Saturday. Gross Goods and Services Tax (GST) revenue includes a 10.2 per cent jump in domestic revenues at Rs 1.42 lakh crore and 5.4 per cent rise in revenues from imports to Rs 41,702 crore during February. As per the data, during the month, mop up from Central GST stood at Rs 35,204 crore, State GST at Rs 43,704 crore, Integrated GST at Rs 90,870 crore and compensation cess of Rs 13,868 crore. Total refunds issued during February were Rs 20,889 crore, a 17.3 per cent increase over the year-ago period. Net GST collections during February 2025 grew 8.1 per cent to about Rs 1.63 lakh crore. Gross and net GST revenues in February 2024 were Rs 1.68 lakh crore and Rs 1.50 lakh crore, respectively.

GST Tribunals may be delayed by 6 months as states yet to appoint officials

In May 2023, the Centre appointed Sanjaya Kumar Mishra, former Chief Justice of the Jharkhand High Court, as the GSTAT president for a four-year term