The gross Goods and Services Tax (GST) revenue collections for May fell by 19 per cent to Rs 1,57,090 crore. The figures had touched their highest-ever level of Rs 1,87,035 crore in April.
Out of the total GST collections of Rs 1,57,090 crore for May, CGST was Rs 28,411 crore, SGST was Rs 35,828 crore, IGST was Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess was Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
The gross GST revenue for April had stood at Rs 1,87,035 crore, which was 16.8 per cent more than the Rs 1,60,122 crore of gross GST collected for March.
The gross GST collections in April were also an all-time high, Rs 19,495 crore more than the previous highest collection of Rs 1,67,540 lakh crore, which was recorded in April 2022.
It was also for the first time that gross GST collections had crossed Rs 1.75 lakh crore mark, official sources said.
Meanwhile, the government has settled Rs 35,369 crore to CGST and Rs 29,769 crore to SGST from IGST.
The total revenue of Centre and the states in the month of May after regular settlement was Rs 63,780 crore for CGST and Rs 65,597 crore for SGST.
Govt continued development despite Covid & ethnic violence: Manipur CM
Manipur Chief Minister N. Biren Singh on Monday said that despite the state losing four-and-a-half-years to the COVID-19 pandemic and ethnic violence, the government has continued the developmental works in the state.
BAPS Hindu Mandir and cultural complex opens in South Africa’s Johannesburg
The BAPS Shri Swaminarayan Hindu Mandir and Cultural Complex in Northriding, Johannesburg officially opened its doors on Monday, following the sacred Pran Pratishtha ceremony, led by Mahant Swami Maharaj, the global spiritual leader of BAPS.
We will ensure RG Kar victim gets justice: Bengal Guv
West Bengal Governor C.V. Ananda Bose said on Monday that the government would ensure that the RG Kar case victim gets justice.
They damage the nation abroad: EAM Jaishankar slams Rahul’s ‘falsehood’ on ‘Trump invite’ claims
External Affairs Minister (EAM) S Jaishankar on Monday hit back at the Leader of Opposition (LoP) Rahul Gandhi over his claims that the former went to the United States of America to get an invitation for Donald Trump’s inauguration, stating that such falsified statements only go on to harm the ‘interests and reputation’ of the country abroad.
Positive impact of regular contacts evident in India-Russia strategic partnership: President Murmu
President Droupadi Murmu on Monday asserted that the "positive impact" of regular contacts is evident in the broader 'India-Russia Special and Privileged Strategic Partnership' which continues to benefit significantly from the ongoing interaction at various levels.
Over to voters: High-decibel campaign for Delhi election ends
Campaigning for the most hotly contested Assembly election in Delhi ever ended at 5 p.m. on Monday, drawing curtains on months-long, high-decibel electioneering replete with AI-generated memes, acerbic jibes and venomous barbs and a race to woo voters with freebies, including monthly doles to women and the youth.
Rahul Gandhi’s rare praise for ‘Make In India’ project in LS, followed by jibe
Congress MP and the Leader of Opposition (LoP) Rahul Gandhi on Monday made a rare praise for the ‘Make In India’ program, even commending the Prime Minister Narendra Modi for bringing in the ‘good idea’ but then went to disapprove it by calling it ‘damp squib’.
Govt likely to introduce new income tax bill on Feb 6
After the revision in tax slabs in the Union Budget 2025-26 to leave 'enough money in the hands' of taxpayers, the government is likely to unveil the much-anticipated draft of the new Income Tax Bill on February 6.