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Tag: Goods and Services Tax

GST revenues register three-month high in July

Posted on August 1, 2023 By admin
GST revenues register three-month high in July

Image used for representational purposes only. | Photo Credit: Special Arrangement India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July. However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year. Revenues…

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Centre devolves ₹3.09 lakh crore to States till July

Posted on July 25, 2023 By admin
Centre devolves ₹3.09 lakh crore to States till July

The 15th Finance Commission has recommended that States be given 41% of the divisible tax pool of the Centre. File. | Photo Credit: Reuters The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj…

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