The gross GST revenue collected in the month of August 2022 stood at Rs 1,43,612 crore, up 28% on a year-on-year basis, the Finance Ministry said in a statement on Thursday. With this, the monthly GST revenues have exceeded Rs 1.4 lakh crore for six months in a row.
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Source: https://www.livemint.com/economy/august-gst-receipts-to-cross-rs-1-42-trillion-11661964389987.html
NEW DELHI : Goods and Services Tax (GST) collections for August is estimated to cross ₹1.42 trillion, growing by 27% from the same time a year ago, department of economic affairs secretary Ajay Seth said at a briefing.
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The revenues for the month of August 2022 are 28% higher than the GST revenues in the same month last year of ₹ 1,12,020 crore
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New Delhi: Central and state governments collected over ₹1.43 trillion in Goods and Services Tax (GST) revenue in August, showing a 28% jump from a year ago. In August 2021, the GST mop-up was ₹1.12 trillion.
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Revenues for the month of August 2022 28% higher than the GST revenues in the same month in 2021
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NEW DELHI : Inclusion of petroleum products, electricity and real estate within the ambit of Goods and Services Tax (GST) will make Indian manufacturing sector more competitive, according to a book on GST brought out by EY, which gave sector specific suggestions on indirect tax reforms.
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Indian Railways have issued a clarification on the cancellation of confirmed tickets by the passengers after reports claimed that GST would be levied on the cancellation of railway tickets by the passengers.
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The book recommends the policy measures required to reform GST hinging on revenue buoyancy, world-class dispute resolution, institutional strengthening, and enhancing the ease of doing business.
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Representation with humble request to reconsider the method of implementation of Punjab State Development Tax (PSDT) in the interest of taxpayers
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The proposed levy of higher goods and services tax on the online gaming industry could lead to a decline in active users and discourage domestic gaming companies, according to a report by Assocham and EY. An optimal tax structure on the industry will support animation, visual effects, gaming and comic sector vision of the government, the report added .
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