February GST collection rises 12.5% YoY to ₹1.68 lakh crore
As of February 2024, the total gross GST collection for the current fiscal stands at ₹18.40 lakh crore, up 11.7% for the same period in FY23.
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December GST collection surges 10% to ₹1.65 lakh cr
The period from April to December 2023 showcased 12% year-on-year growth in gross GST collections, surging to ₹14.97 lakh crore.
GST collections rise 15% y-o-y to ₹1.68 lakh cr in November
The gross GST revenue collected in November 2023 is ₹1,67,929 crore out of which CGST is ₹30,420 crore, SGST is ₹38,226 crore and IGST is ₹87,009 crore.
SGST revenue of 6 biggest states up 19% in FY23
Maharashtra has seen the maximum growth in SGST collection followed by Uttar Pradesh.
GST collection up 12% YoY to ₹1.5 lakh cr in February
On a month-on-month basis, Feb collection declines; Centre says Feb being a 28-day month saw a relatively lower revenue collection
Revenue shock to hit state capex as GST compensation ends
With stagnated "own tax revenue", states face double whammy as GST compensation on which they continued capex push had ended and Centre's tax collection is set to dip in FY23.
GST unlikely to boost tax revenue of states: India Ratings
The data available so far does not instil confidence with respect to GST achieving or is on course to achieve its key objectives, says India Ratings & Research.
