The Goods and Services Tax (GST) collections in August, in gross terms, rose 6.5 per cent to about 1.86 lakh crore compared to about 1.74 lakh crore in the same month last year, according to official data released Monday.
The report estimated that the GST 2.0 regime, while involving an average revenue loss of Rs 85,000 crore, has resulted in a substantial consumption boost of Rs 1.98 lakh crore.
The Goods and Services Tax (GST) collections in July, in gross terms, rose over 7.5 per cent to about 1.95 lakh crore compared to about 1.82 lakh crore in the same month last year, according to official data released Friday.
According to an official release, in terms of registered taxpayers, Gujarat now ranks third in the country, reflecting its growing economic activity and exemplary tax compliance.
India's Goods and Services Tax (GST) system has achieved a major milestone in 2024-25, with a record gross collection of ₹22.08 lakh crore, showing a 9.4 per cent growth over the previous year.
Describing it as a big success, Cheema said, "AAP government has completed the GST collection equal to the five years of Congress in just three years."
The Gross Goods and Services Tax (GST) collections for March 2025 surged 12 per cent, standing at Rs 2.37 lakh crore during April, marking an all-time high for collections.
Separately, the Gross Goods and Services Tax (GST) collections for March 2025 stayed at Rs 19,56,034 crore (Rs 1.96 lakh crore), surging 9.9 per cent, according to the government data.
The production in the country showed signs of improvement towards the end of the last financial year, supported by a rise in high-frequency indicators such as the manufacturing PMI, GST collections, and e-way bill generations, according to a report by Bank of Baroda.
Parameshwara said that the BJP understands that the state government stands on their word, which has made Karnataka number two in investment and GST collection.