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Sunday, November 9, 2025
TopicGST

Topic: GST

India’s GST revenue crosses Rs 1.31 lakh cr in Nov, 2nd highest collection since rollout

The highest GST collection was in April 2021 when numbers hit Rs 1.41 lakh crore. Last month's revenue has been 25% higher than November 2020 and 27% higher than November 2019.

Modi govt committed to compensate state for 5 years for loss due to GST rollout: Sitharaman

Sitharaman said Rs 37,134 crore and Rs 14,664 crore worth GST compensation is yet to be released to states for 2020-21 and 2021-22 fiscal years.

Modi govt releases balance of Rs 44,000 crore to states to compensate for GST shortfall

With the release of Rs 44,000 cr, the total amount released in the current fiscal year as back-to-back loan in-lieu of GST compensation is Rs 1.59 lakh cr, the finance ministry said.

GST law brought a drastic change. But only a digital GSTAT can be the model for tribunals

The GSTAT would be outside the GST authorities' control. It can protect taxpayers’ rights and revenue interests of the govt.

Modi govt could consider higher GST, fewer rates to simplify structure

Currently, GST has four tax slabs: 5%, 12%, 18% and 28%. The two lowest rates could be raised by a percentage point each to 6% & 13%, respectively.

India’s GST collection hits 5-month high in September at Rs 1.17 lakh crore

The tax collections has remained above Rs 1 lakh crore for the third consecutive month. The last highest revenue was recorded in April when collections reached Rs 1.41 lakh crore.

Ministerial panels set up to review tax slabs, GST exempt list, identify evasion sources

The 7-member panel set up by finance ministry would be headed by Karnataka CM Basavaraj Bommai, & include Bengal FM Amit Mitra, Kerala FM Balagopal, Bihar Deputy CM Tarkishore Prasad.

GST Council levies 5% tax on food delivery apps, extends concessional rates on Covid drugs

Finance Minister Nirmala Sitharaman also said the Council decided that it was not the right time to include petroleum products within the GST ambit.

77% Indians want petrol & diesel to come under GST, survey finds

The survey comes ahead of the GST Council meeting Friday, which is likely to discuss bringing petrol, diesel and other petroleum products under the GST ambit.

Govt may consider bringing petrol, diesel under GST

GST Council, which meets Friday in Lucknow, is also likely to consider extending time for duty relief on Covid-19 essentials.

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Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.