Proposed GST slab of 35% is a deterrent for growth
As per a cross-country World Bank study on sugar-sweetened beverages, India has one of the highest tax rates for carbonated soft drinks (CSDs) at a total tax rate of 40 per cent as of 2023.
As per a cross-country World Bank study on sugar-sweetened beverages, India has one of the highest tax rates for carbonated soft drinks (CSDs) at a total tax rate of 40 per cent as of 2023.
The collections were up 8.1 per cent from the previous month and saw an 8.9 per cent increase year-on-year. October 2024 recorded the second-best GST mop-up. The highest ever collection was in April 2024 at over Rs 2.10 lakh crore.
Speaking at the 64th annual Automotive Component Manufacturers Association (ACMA) session, the President said the auto sector also contributes significantly to the direct and indirect employment generation in the country.
he progressive collection under State GST up to July 24 stands at Rs.8866.95 crore against a collection of Rs 7055.53 crore up to July 23 with a growth rate of 25.67%.
The GST Department cited its obligation to protect the privacy of certain individuals as a reason to not reply to the query.
Continuous improvement in return filing, speedy scrutiny of returns, timely completion of GST audits and strengthened enforcement continue to be the focus areas, said Commissioner State Taxes and Excise Yunus
he Rajasthan government has achieved a new target of tax collection of Rs.27,501 crore in 2021-22 as against Rs.12,137 crore collected during the previous BJP regime in 2017-18.
With this, the GST collections in the first five months of the current financial year has reached Rs 2,255 crore against Rs 1,634 crore collected during the last corresponding period.
Himachal Pradesh Taxes and Excise department has recorded the highest ever single month collection of Rs 497 crore under GST in the month of April, 2022, a state government official said on Sunday.
The gross GST revenue in the month of December 2021 collected is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore
