Tag: gst india

Net direct tax collection grows 23% to ₹8.11 lakh cr on slower refunds, higher non-corp taxes

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Net direct tax collection grows 23% to ₹8.11 lakh cr on slower refunds, higher non-corp taxes

Image used for representational purposes. File | Photo Credit: Getty Images/iStockphoto The net direct tax collection grew 23% to over ₹8.11 lakh crore till August 10 in the current fiscal, on slower refunds and higher mop-up from non-corporate taxes. The net corporate tax collection rose about 20% to about ₹2.70 lakh crore, while non-corporate tax…

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Up 12.5%, February GST kitty is fourth highest ever

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Up 12.5%, February GST kitty is fourth highest ever

February’s GST revenue growth reflected the third-highest uptick in 2023-24 and lifted the total collections so far this year to ₹18.4 lakh crore. File | Photo Credit: Reuters India’s gross revenues from the Goods and Services Tax (GST) grew at a three-month high pace of 12.54% in February to cross ₹1.68 lakh crore, marking the…

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Business