Igst

Saturday, Apr 20, 2024 | Last Update : 05:22 AM IST

"The total revenue earned by the central government and state governments after regular and provisional settlement in April 2019 is Rs 47,533 crore for CGST and Rs 50,776 crore for SGST," the statement said.

GST collection scales record high of Rs 1.13 lakh cr in April

The government has settled Rs 20,370 crore to CGST and Rs 15,975 crore to SGST from IGST as regular settlement.

01 May 2019 4:58 PM

Total gross GST revenue collected in March, 2019 is Rs 1,06,577 crore of which Central GST is Rs 20,353 crore.

GST collection records Rs 1.06 lakh cr in March

For fiscal 2019-20, the GST collection target has been budgeted at Rs 13.71 lakh crore.

01 Apr 2019 2:49 PM

The move was aimed at giving relief to exporters as they do not have to pay IGST at the initial point itself. In the GST regime, they have to pay the indirect tax and then seek refund, which is a cumbersome process.

Govt extends IGST, compensation cess exemption under various export promotion plans

These exemptions have been extended for exporters buying inputs domestically or importing for export purpose.

22 Mar 2019 2:24 PM

This will create additional working capital requirements to the tune of Rs 1 crore for four-wheeler dealers and Rs 50 lakh for two-wheelers dealers on a monthly basis.

Automobile dealers body seeks rollback of new GST changes

The automobile retail trade industry is around Rs 5 lakh crore with around 25,000 dealers.

07 Mar 2019 5:31 PM

Goods and Services Tax (GST) collections in the current fiscal till February totalled Rs 10.70 lakh crore.

GST collection drops to Rs 97,247 crore in February

Govt has lowered the GST collection target for current fiscal to Rs 11.47 lakh crore.

01 Mar 2019 4:54 PM

Inspite of the GST revenue shortfall, the Interim Budget has estimated an 18.2 per cent growth in GST at Rs 7.64 lakh crore for the next fiscal. (Photo: File)

NDA bets big on tax revision despite Rs 1 lakh crore shortfall in mop-up

During the interim budget, the gross tax revenue after the budget estimation stood still at Rs 25.5 lakh crore.

02 Feb 2019 1:34 PM

Under GST, the tax levied on consumption of goods or rendering of service is split 50:50 between the centre and the state.

Centre, states apportion Rs 33,000 crore IGST in November

The finance ministry has targeted monthly GST collections to be Rs 1 lakh crore for this fiscal.

30 Nov 2018 2:46 PM

As much as Rs 3,096 crore worth of IGST refund claims are held up on account of various deficiencies.

Rs 82,775 cr GST refunds to exporters done; Rs 5,400 cr is pending

The disposal rate of GST refunds is 93.8 per cent as on October 31.

10 Nov 2018 10:59 AM

The sole exception was the month of April in which the numbers exceeded Rs 1 lakh crore.

Centre, states apportion Rs 32,000 crore IGST in October

The total revenue collection figures for the month would be released on November 1.

30 Oct 2018 3:07 PM

IGST makes provisions for the levy and collection of taxes on inter-state supply of goods or services or both by the central government.

No GST refunds for foreigners

Govt asked to provide details on procedures for foreigners to get GST refunds on goods purchased by them in India.

07 Aug 2018 9:11 AM

It was initially contemplated that because of the inherent construct of the GST, states that are net consumers will be greatly benefited over manufacturing states.

Consumption-led states get an advantage

It appears that the GST has brought in a competitive edge for consumption-led states.

01 Jul 2018 7:00 AM

The Central Board of Indirect Taxes and Customs (CBIC) has sanctioned Rs 41,548 crore as total Goods and Services Tax (GST) refund till June 16. This was in compliance with the Centre's commitment to liquidate all pending GST refunds filed till April 30. (Photo: PTI)

CBIC sanctions Rs 41,548 crore as GST refunds

This was in compliance with the Centre's commitment to liquidate all pending GST refunds filed till April 30.

21 Jun 2018 11:25 AM

GST refunds of exporters has been cleared in the first nine days of the ongoing special refund fortnight.

Tax dept clears Rs 7,000 crore GST refunds of exporters

About Rs 14,000 crore of refunds of exporters were stuck due to various mismatches.

09 Jun 2018 11:28 AM

GST officers have pointed out the discrepancy and has asked taxpayers to claim the input credit or refund in the returns of the subsequent month.

Notice shot off to businesses for less IGST input credit claim

The analytics was conducted based on data between July to March - the first nine months of GST rollout.

08 Jun 2018 12:59 PM

CBEC sanctions Rs 12,700-crore GST refund claims

The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of exporters.

01 Apr 2018 11:31 AM

Last date for payment of GST as well as filing of GSTR 3B return for the month of August was September 20, 2017. (Phtoto: Representational/PTI)

GST mop-up at Rs 90,669 crore in August

GST mop-up for July stood at Rs 94,063 crore, up from the initial projection of Rs 92,283 crore.

26 Sep 2017 8:31 PM

IGST paid can be taken as input tax credit by the banks. (Photo: PTI)

Banks to pay 3 per cent IGST on gold imports: CBEC

GST is payable at the rate of 3 per cent of the total transaction value of jewellery.

21 Aug 2017 4:16 PM

Over 71.30 lakh excise, service tax and VAT payers have migrated to the GSTN portal with 13 lakh fresh registrations.

Customs, IGST collection nearly doubles to Rs 30,000 cr in July

July collections compare to indirect tax collection of over Rs 16,000 crore of the same month of 2016.

04 Aug 2017 7:05 PM

Finance Minister Arun Jaitley speaks in the Lok Sabha in New Delhi on Wednesday. (Photo: PTI)

Landmark GST bill passed in Lok Sabha with amendments, despite Oppn outrage

The House had allotted 7 hours for holding talks on crucial bills that seek to trigger the biggest ever tax reforms.

29 Mar 2017 8:57 PM

GST Council to take up, approve model laws today

Th meeting comprises the Union finance minister and state representatives will discuss law and finalise them.

03 Mar 2017 4:48 PM

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Shobhaa De

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