Tuesday, July 29, 2025

Creating liberating content

BENGALURU: Lenskart Solutions is gearing up for one of the

Related News

L&T Q1 results: Engineering major Larsen & Toubro (L&T) reported a strong set of numbers for the June quarter of FY26, with consolidated net profit rising 30% year-on-year to Rs

Tata Consultancy Services (TCS) has lost over Rs 28,000 crore in market capitalisation across two days, following its announcement to lay off about 12,000 employees globally over the course of

BENGALURU: Lenskart Solutions is gearing up for one of the largest consumer-tech listings of the year, with its initial public offering (IPO) expected to raise between Rs 7,500 crore and

Wall Street inched up on Tuesday with the S&P 500 and Nasdaq hitting fresh record highs, but gains were capped as investors remained cautious ahead of the Federal Reserve’s interest

Boeing Co posted a smaller second-quarter loss and stronger revenue, buoyed by a jump in commercial plane deliveries, even as the aerospace giant continued to grapple with safety scrutiny and

The Reserve Bank of India has capped investment by any single regulated entity—such as banks, NBFCs, or All-India Financial Institutions—at 10% of the corpus of any Alternative Investment Fund (AIF)

Trending News

L&T Q1 results: Engineering major Larsen & Toubro (L&T) reported a strong set of numbers for the June quarter of FY26, with consolidated net profit rising 30% year-on-year to Rs

Tata Consultancy Services (TCS) has lost over Rs 28,000 crore in market capitalisation across two days, following its announcement to lay off about 12,000 employees globally over the course of

BENGALURU: Lenskart Solutions is gearing up for one of the largest consumer-tech listings of the year, with its initial public offering (IPO) expected to raise between Rs 7,500 crore and

The Reserve Bank of India has capped investment by any single regulated entity—such as banks, NBFCs, or All-India Financial Institutions—at 10% of the corpus of any Alternative Investment Fund (AIF)

Global shares traded on mixed cues on Tuesday as investors focused on high-stakes trade negotiations between the US and China, while awaiting key economic data and central bank decisions later

Taiwanese manufacturer Wistron, which sold its Karnataka iPhone facility to Tata Electronics in 2023, is now planning an electronics production unit in Telangana with a proposed investment of Rs 1,000

GST collections rise 9.9% to Rs 1.96 lakh crore in March 2025

Word Count: 547 | Estimated Reading Time: 3 minutes


GST collections rise 9.9% to Rs 1.96 lakh crore in March 2025

India’s GST revenue collection saw an increase of 9.9% year-over-year, reaching Rs 1.96 lakh crore in March. The breakdown shows Central GST at Rs 38,100 crore, whilst State GST reached Rs 49,900 crore. The Integrated GST amounted to Rs 95,900 crore, and GST cess collections totalled Rs 12,300 crore for March.
Abhishek Jain, Indirect Tax Head & Partner, KPMG said, “A nearly 10% growth in collections compared to last year reflects economic stability and strong tax compliance by companies. With fiscal year-end adjustments and reconciliations underway, we can expect a further surge in month-on-month growth in the next set of collection”
The net GST collections for March reached Rs 1.76 lakh crore, showing a 7.3% year-over-year growth. The gross GST collections for FY25 totalled Rs 22.08 lakh crore, indicating a 9.4% increase. After refund adjustments, the net GST collections for FY25 stood at Rs 19.56 lakh crore, up by 8.6%.
February witnessed a 9.1% rise in GST collections, reaching Rs 183,646 crore, driven by substantial increases in domestic revenue sources. January collections amounted to Rs 1.96 lakh crore, showing a 12.3% growth compared to the previous year.
December collections registered Rs 1.77 lakh crore, displaying a 7.3% year-over-year increase. This showed a reduction from November’s 8.5% growth, attributed to post-festive season reduced spending.
The government’s Budget outlined an 11% projected increase in GST revenue for the year, with expected collections of Rs 11.78 lakh crore, inclusive of Central GST and compensation cess.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account