October GST collections rise 9% to Rs 1.87 L cr
The Business Guardian|November 02, 2024
In October 2023, India's Goods and Services Tax (GST) collections reached an impressive Rs 1.87 lakh crore, marking an 8.9 percent increase from the Rs 1.72 lakh crore collected in the same month the previous year.
TBG NETWORK
October GST collections rise 9% to Rs 1.87 L cr

This data was recently released by the finance ministry and indicates a consistent upward trend in GST revenues, which is significant for the country's fiscal health.

The increase in GST collections encompasses all components of the tax, including Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST), and cess, which have all shown year-on-year growth.

The figures for the fiscal year 2024 thus far highlight a robust performance in GST collections. To date, the total GST collection stands at Rs 12.74 lakh crore, reflecting a 9.4 percent increase compared to Rs 11.64 lakh crore collected in the corresponding period of 2023. April 2023 witnessed an exceptional surge in collections, reaching a record high of Rs 2.10 lakh crore, showcasing the strength of India's economic rebound post-pandemic.

This story is from the November 02, 2024 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 02, 2024 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE BUSINESS GUARDIANView All
Hyundai Motor India to establish two renewable energy plants in TN
The Business Guardian

Hyundai Motor India to establish two renewable energy plants in TN

Hyundai Motor India Limited (HMIL) has announced a major initiative to bolster its renewable energy portfolio by setting up two renewable energy plants in Tamil Nadu.

time-read
1 min  |
November 24, 2024
The Business Guardian

TCS TO BEGIN OPERATIONS IN VIZAG SOON, SAYS ANDHRA MINISTER NARA LOKESH

Andhra Pradesh Minister for Information Technology and Electronics Nara Lokesh on Thursday announced in the State Assembly that Tata Consultancy Services (TCS) is setting up its unit in Visakhapatnam (Vizag) very soon.

time-read
1 min  |
November 24, 2024
Presenting India's Most Epic KFC in the Sky
The Business Guardian

Presenting India's Most Epic KFC in the Sky

KFC just did something EPIC for its latest campaign 'Taste The Epic', with Action hero and national heartthrob Vijay Deverakonda.

time-read
1 min  |
November 24, 2024
Tripura govt, Tata Technologies sign MoA for upgrading ITIs
The Business Guardian

Tripura govt, Tata Technologies sign MoA for upgrading ITIs

In an effort to bridge the skills gap in emerging technology sectors by modernizing training facilities and significantly enhancing the employability of Industrial Training Institute graduates, the Tripura state government and Tata Technologies signed a Memorandum of Agreement (MoA) on Wednesday for the upgradation of 19 ITIs in the state.

time-read
1 min  |
November 24, 2024
DIVIANA announces €50 Million European Expansion with Milan
The Business Guardian

DIVIANA announces €50 Million European Expansion with Milan

In a landmark moment for Indian craftsmanship and luxury, DIVIANA has become the first Indian luxury furniture brand to open a flagship showroom in Milan, Italy.

time-read
1 min  |
November 24, 2024
JIO'S SUBSCRIBER SURGE CONTINUES; BSNL'S DIPS
The Business Guardian

JIO'S SUBSCRIBER SURGE CONTINUES; BSNL'S DIPS

Reliance Jio has emerged as the clear leader in India's telecom market for the second consecutive month, adding 1.7 million active subscribers in September 2024, according to the latest data from the Telecom Regulatory Authority of India (TRAI) as quoted by a Morgan Stanley research report.

time-read
2 mins  |
November 24, 2024
The Business Guardian

Don't get carried away by 'WhatsApp university' messages: SC Justice

Supreme Court Justice KV Viswanathan on Saturday raised concerns about the increasing spread of misinformation, particularly through platforms like WhatsApp, referring to the phenomenon as \"WhatsApp University.\"

time-read
1 min  |
November 24, 2024
The Business Guardian

HP MLA row: SC grants partial relief to CPS

The Supreme Court of India has recently offered partial relief in the legal battle surrounding the disqualification of Chief Parliamentary Secretaries in the Himachal Pradesh Legislative Assembly.

time-read
1 min  |
November 24, 2024
COURT ANNULS BSNL'S DECISION TO RESCIND PACT WITH IT COMPANY
The Business Guardian

COURT ANNULS BSNL'S DECISION TO RESCIND PACT WITH IT COMPANY

The Delhi High Court has recently annulled BSNL's decision to cancel a purchase order it had placed with Millennium Automation Private Limited for providing central billing and IPDR solutions.

time-read
1 min  |
November 24, 2024
The Business Guardian

Crackdown on illegal borewells in Delhi

Authorities in Delhi have on Saturday informed the National Green Tribunal that the operation to seal illegal borewells in hotels and guesthouses in the Paharganj area will continue.

time-read
1 min  |
November 24, 2024