Tag: GST cess

Centre releases ₹17,000 crore GST compensation to States; total ₹1.15 lakh crore released this fiscal

Centre releases ₹17,000 crore GST compensation to States; total ₹1.15 lakh crore released this fiscal

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Image used for representative purpose only. | Photo Credit: PTI The Central government has released ₹17,000 crore to States towards balance GST compensation, taking the total amount released so far this fiscal to over ₹1.15 lakh crore, the Finance Ministry said on Friday. “With this release, the Centre has released, in advance, the entire amount […]

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India’s gross GST revenue in August more than ₹1.43 lakh crore

India’s gross GST revenue in August more than ₹1.43 lakh crore

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India’s gross revenues from the Goods and Services Tax (GST) were ₹1,43,612 crore in August, 28% higher than a year ago. Revenues from import of goods soared 57% during the month, while domestic transactions and import of services yielded 19% higher taxes than in August 2021. This is the sixth successive month when GST revenues […]

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