The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods and Services Tax, Net tax revenue, and non-tax revenue have shown a better than estimated revenue collections not only in FY24 but also in the first t
The place, despite being a major customs office handled by the government and a major source of tourism-related income for POGB, lacks basic facilities that are crucial for the incoming tourists.
With India registering the highest GST revenue collection for April this year at Rs 2.10 lakh crore, experts have said record collection has set the stage for pursuing forward-thinking reforms and signifies a potential turning point in the GST collection trajectory
The Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in April month. The GST collection has also registered a 12.4 per cent year-on-year growth.
Expressing satisfaction over the state's revenue collection of Rs 16436 crore against the total target of Rs 24745 crore, which is 66 per cent of the target, the Chief Minister gave instructions to the concerned officers to complete the remaining target of 34 per cent revenue by February.
Good and Services Tax (GST) Revenue collection for November 2023 stands at Rs 1,67,929 lakh crore recording the highest growth rate of 15 per cent Year-on-Year, an official statement issued by the Ministry of Finance said on Friday.
According to the release, GST/VAT collection is continuously increasing in the state due to collective efforts. Revenue collection of Rs 98,107 crore was done in the year 2021-22, which has increased to Rs 1,07,406 crore in 2022-23. GST collection of more than Rs 37 thousand crore has been d
"There are immense possibilities in Uttar Pradesh. We should also create new sources to increase revenue collection. Concerted efforts should be made in line with the GST and VAT collection target of Rs 1.50 lakh crore for the current financial year," the CM said.
The gross goods and services tax (GST) revenue collection of India in the month of June stood at Rs 1,61,497 crore, 12 per cent higher than the revenue collected in the same month last year, the Ministry of Finance said on Saturday.
In a statement, Finance Minister, Kailash Gahlot said, "Trade and Taxes department plays an important role in the government. The revenue collections of GST and VAT combined was more than Rs 34,000 Crores in 2022-23 while this year we expect remarkable growth in the collection."
"Great news for the Indian economy! Rising tax collection despite lower tax rates shows the success of how GST has increased integration and compliance," tweeted PM Modi.