Tuesday, July 1, 2025

Creating liberating content

Top stocks to buy (AI image) Stock market recommendations: According

Alia Bhatt recreating Rekha’s ‘Silsila’ aesthetic only says one thing

Chennai: Apollo Hospitals Enterprise, controlled by the Prathap Reddy family,

Mumbai: The dollar ended June with its worst first-half performance

Related News

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Tech Mahindra, and Trent are the top

Alia Bhatt recreating Rekha’s ‘Silsila’ aesthetic only says one thing about the veteran diva, that she’s forever ‘iconic’. Leaving everyone mesmerised with her Chandni wardrobe onscreen, she donned white georgette

Chennai: Apollo Hospitals Enterprise, controlled by the Prathap Reddy family, has announced a significant reorganisation where its pharmacy distribution and digital health operations will be carved out into a separate

Mumbai: The dollar ended June with its worst first-half performance in four decades. However, the dollar’s slide in the international markets has been masking the rupee’s weakness, which is seen

New Delhi: The commerce department is seeking to amend the law governing special economic zones (SEZs), offering several concessions as it seeks to revive the enclaves to boost exports and

Mumbai: B2B startup Jumbotail raised a fresh $120 million in funding from investors led by SC Ventures, the investment arm of Standard Chartered, at a valuation of $1 billion, sources

Trending News

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Tech Mahindra, and Trent are the top

Mumbai: The dollar ended June with its worst first-half performance in four decades. However, the dollar’s slide in the international markets has been masking the rupee’s weakness, which is seen

Mumbai: B2B startup Jumbotail raised a fresh $120 million in funding from investors led by SC Ventures, the investment arm of Standard Chartered, at a valuation of $1 billion, sources

New Delhi: The ninth year of the Goods and Services Tax (GST), which begins on Tuesday, could actually see the much-awaited rationalisation of the rates, although the shrinking of slabs

Stocks are wrapping up a stellar quarter at all-time highs amid signs of progress in US trade talks while hopes the Federal Reserve will resume its rate cuts drove Treasuries

New Delhi: The govt has raised the price of natural gas from state-run ONGC and Oil India Ltd’s legacy fields to $6.89 per unit (million British thermal units) for July

GST collection jumps 9.1% to 1.83 lakh crore in February

Word Count: 619 | Estimated Reading Time: 4 minutes


GST collection jumps 9.1% to 1.83 lakh crore in February

NEW DELHI: Goods and services tax collections rose 9.1% to Rs 183,646 crore during February on the back of double-digit rise in the mop up from domestic sources.
On a gross basis, GST from domestic sources, which refers to transactions within the country, rose 10.2% to Rs 1,41,945 crore, while those related to imports were up 5.4%, indicating that the value of shipments into the country saw limited increase.
“The robust GST collection figures indicate that the Indian economy is withstanding global economic challenges. The consistent rise in domestic GST revenue compared to import-related collections points to effective implementation of Atmanirbhar Bharat policies,” said Saurabh Agarwal, tax partner at consulting firm EY.

GST collection jumps 9.1% to 1.83L cr in Feb

Tax experts are also drawing comfort from a healthy growth in refunds, which were estimated to have increased 17.3% to Rs 20,889 crore. On a net basis, collections were up 8.1% at Rs Rs 1,62,758 crore, official data showed.
“This year’s GST collection is almost on target and that is one of the reasons that the actual fiscal deficit for FY24-25 of 4.8% is estimated to be below the budgeted 4.9%. It is heartening to see that the growth of GST on imports is 7.2% only vis-a-vis growth in domestic GST Collection of 10.1%. If at all, It is an indication that India is getting more ‘Atmanirbhar’. Coupled with this, an increase of 15.8% in refunds (including export refunds) is a positive sign. It shows that now India is also increasingly ‘making for the world’. Overall, amidst geo-political headwinds, India seems to be managing well,” said Vivek Jalan, partner at Tax Connect Advisory Services.
Haryana and Tripura reported an increase of 20% and 21%, respectively. At the other end of the spectrum, Mizoram (-16%), Manipur (-9%) and J&K (-2%) were the laggards, while Telangana (1% increase), Gujarat (3%) and Andhra Pradesh (4%) reported a muted rise.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account