Gross Good and Services Tax (GST) revenue for March 2024 witnessed the second highest collection ever at ₹1.78 lakh crore, with a 11.5% year-on-year growth. This surge was driven by a significant rise in GST collection from domestic transactions at 17.6%. GST revenue net of refunds for March 2024 is ₹1.65 lakh crore which is growth of 18.4% over same period last year. In the state of Gujarat, the year-on-year growth for last month was 15%, with ₹11,392 crore collected in March 2024 compa...Read More

New Delhi: Gross Goods and Services Tax (GST) revenue collected for February 2024 is ₹1,68,337 crore, marking a robust 12.5% increase compared to that in the same month in 2023. This growth was driven by a 13.9% rise in GST from domestic transactions and 8.5% increase in GST from import of goods. GST revenue net of refunds for February 2024 is ₹1.51 lakh crore which is a growth of 13.6% over that for the same period last year. Strong Consistent Performance in FY 2023-24: As of Februa...Read More

Godhra: Anti Corruption Bureau (ACB) Gujarat has banned a 44-year old State tax inspector from Godhra in bribe case. Accused Pushpak Panchal is from Surat. He works in Godhra. According to ACB, a complainant owns a shop named Jayvir Enterprise on Sampa road in Godhra. He had applied online to get Goods & Services Tax (GST) number, for which the accused paid location visit and demanded Rs. 5,000 bribe money. As the complainant was not willing to pay bribe, he contacted ACB, following which a tr...Read More

New Delhi: During the April-December 2023 period, gross GST collection witnessed a robust 12% y-o-y growth, reaching ₹14.97 lakh crore, as against ₹13.40 lakh crore collected in the same period of the previous year (April-December 2022). The average monthly gross GST collection of ₹1.66 lakh crore in the first 9-month period this year represents a 12% increase compared to the ₹1.49 lakh crore average recorded in the corresponding period of FY23. The gross GST revenue collected i...Read More

New Delhi: The gross GST revenue collected in the month of November, 2023 is ₹1,67,929 crore out of which CGST is ₹30,420 crore, SGST is ₹38,226 crore, IGST is ₹87,009 crore (including ₹39,198 crore collected on import of goods) and cess is ₹12,274 crore (including ₹ 1,036 crore collected on import of goods). In the state of Gujarat, the year-on-year growth for this month was 16%, with ₹10,853 crore collected in Nov 2023 compared to ₹9,333 crore collected in the same mont...Read More

Jamnagar: The city and district of Jamnagar that has sizeable number of industries and businesses including over 7,000 factories, lacks a biometric service centre, visit to which is mandatory to obtain a new GST number. The traders and businessmen of Jamnagar and Dwarka districts therefore need to go to Junagadh for biometric which is located over 130 km away. Jamnagar Chamber of Commerce has made representation before the government and the elected representatives and demanded GST registrat...Read More

Gandhinagar: Anti Corruption Bureau (ACB) of Gujarat has nabbed a Central Goods and Service Tax (CGST) Inspector in bribe case. Accused CGST Inspector Arvind Kumar Lakhendra Singh is class-2 officer of government, working in Rakhial Division-1 in Ahmedabad South. He is nabbed for demanding and receiving Rs. 1.50 lakh bribe at GST Bhavan in Ambawadi area of Ahmedabad. According to ACB note, a complainant in this case works at a tax consultant. His client had received two notices in the mont...Read More

Vapi: Union Finance Minister Nirmala Sitharaman inaugurated 12 GST Service Centers in Gujarat from Vapi. These centers are located in Gandhidham, Ahmedabad, Vadodara, Surat, Godhra, Vapi, Mahesana, Palanpur, Gandhinagar, Rajkot, Bhavnagar, and Junagadh. During the event, Sitharaman addressed various issues, such as combating bogus billing across India, promoting digital payments, implementing "One Nation, One Tax," advocating for 'Mera Bill Mera Adhikar,' and commended the 20% increase in tax...Read More

Vapi: Union Finance Minister Nirmala Sitaraman will inaugurate India's first GST Suvidha Kendra at Vapi in Valsad district of South Gujarat. There are 12 GST Suvidha Kendras planned in Gujarat. Vapi is part of the Finance Minister of Gujarat, Kanubhai Desai's Pardi assembly seat constituency. The Gujarat government has announced to opening of GST Suvidha Kendras at 12 places across the State as a pilot project. According to Finance Minister Kanubhai Desai, a biometric-based Aadhar authentific...Read More

New Delhi: The gross GST revenue collected in the month of October, 2023 is ₹ 1,72,003 crore out of which ₹ 30,062 crore is CGST, ₹ 38,171 crore is SGST, ₹ 91,315 crore (including ₹ 42,127 crore collected on import of goods) is IGST and ₹ 12,456 crore (including ₹ 1,294 crore collected on import of goods) is cess. The government has settled ₹ 42,873 crore to CGST and ₹ 36,614 crore to SGST from IGST. The total revenue of Centre and the States in the month of October, ...Read More