The country's gross GST revenue collection for April this year soared to the highest ever level at Rs 2.10 lakh crore, Finance Minister Nirmala Sitharaman announced on Wednesday.
This represents a significant 12.4 per cent year-on-year growth, driven by a strong increase in domestic transactions (up 13.4 per cent) and imports (up 8.3 per cent).
After accounting for refunds, the net GST revenue for April 2024 stands at Rs 1.92 lakh crore, reflecting an impressive 17.1 per cent growth compared to the same period last year.
The Finance Ministry said that there has been a positive performance across components. The collections comprise -- Central Goods and Services Tax (CGST): Rs 43,846 crore; State Goods and Services Tax (SGST): Rs 53,538 crore; Integrated Goods and Services Tax (IGST): Rs 99,623 crore, including Rs 37,826 crore collected on imported goods; Cess: Rs 13,260 crore, including Rs 1,008 crore collected on imported goods.
As part of the inter-governmental settlement for April, the central government settled Rs 50,307 crore to CGST and Rs 41,600 crore to SGST from the IGST collected. This translates to a total revenue of Rs 94,153 crore for CGST and Rs 95,138 crore for SGST for April 2024 after regular settlement.
Tripura demanded 20pc devolution of taxes in forests and ecology category: CM Saha
Tripura Chief Minister Manik Saha said, adding that keeping this in mind, the state government has sought 20 per cent devolution of taxes in the forests and ecology category to the 16th Finance Commission, which is now visiting the state.
Stage set for FM Sitharaman to present Budget 2025-26 tomorrow
The unveiling of the Economic Survey on Friday sets the stage for Finance Minister Nirmala Sitharaman to present the Union Budget for 2025-26 in Parliament on Saturday (February 1), which is expected to continue the government's policy of giving a big push to economic growth with equity.
CPI-M central committee member Jitendra Chaudhury re-elected as Tripura unit Secretary
Communist Party of India-Marxist (CPI-M) central committee member Jitendra Chaudhury re-elected as party’s Tripura state Secretary in the three-day (January 29 to 31) 24th state conference of the Left party.
States should boost biz reforms to generate higher incomes for citizens: Eco Survey
States should focus on business reforms on a priority basis to achieve buoyancies in some industrial or service sectors, the Economic Survey 2024-25 said on Friday.
NCERT team seizes pirated textbooks in Agartala
Officials of the National Council of Educational Research and Training (NCERT), along with Tripura Police, seized pirated NCERT books that were being sold to students in bookshops in Agartala, officials said on Friday.
Mamta Kulkarni's past haunts her, leads to expulsion from Kinnar Akhada
Actress Mamta Kulkarni, who ruled the 90s, has been expelled from the Kinnar Akhada. The designation of Mahamandaleshwar, which was given to the actress, has been revoked. The reason behind the same has been revealed to the actress’ past link to cinema, and her alleged criminal past.
Eco Survey suggests enhanced deregulation for MSMEs to boost growth
Faster economic growth is only possible if the Union and state governments continue to implement reforms that allow small and medium enterprises to operate efficiently and compete cost-effectively, said the Economic Survey 2024 on Friday.
Lifestyle choices, workplace culture key for mental well-being, productivity: Eco Survey
Lifestyle choices and workplace culture are critical for the mental well-being and thus, the productivity of the people in India, according to the Economic Survey 2024-25 on Friday.