Punjab finance minister Harpal Singh Cheema on Monday said the state has registered an increase of 16.5 per cent and 20.87 per cent in revenue from Goods and Services Tax (GST) and excise, respectively during the first four months of the financial year 2023-24. The state’s GST collection stood at Rs 6,810.76 crore, and the… Continue reading Punjab's GST collection rises 16.5%, excise revenue up 21% in FY24
Tag: collection
Corporation tax mop-up slips 14%; total tax collection in Q1 rises 3.38%
Premium The decline in the third month slowed due to the advance tax collections that month. Collections from the corporation tax declined nearly 14 per cent year-on-year (YoY) to Rs 1.38 trillion in the first quarter of this financial year (Q1FY24), from Rs 1.61 trillion, despite signs of economic recovery. The revenue under this… Continue reading Corporation tax mop-up slips 14%; total tax collection in Q1 rises 3.38%
India’s GST collection in July stands at Rs 1.65 trn; records 11% growth
Goods and services tax (GST) revenue rose 11 per cent year-on-year in July to Rs 1.65 trillion, showed official data released on Tuesday. Monthly GST collection crossed the Rs 1.6-trillion mark for the fifth time, indicating vigorous economic activity and strict anti-evasion measures employed by both central and state governments. GST collection… Continue reading India’s GST collection in July stands at Rs 1.65 trn; records 11% growth
Mizoram begins collection of biometric details of Myanmar nationals
More than 30,000 Myanmar nationals have taken shelter in Mizoram since February 2021 after the Myanmar military junta staged a coup in the neighbouring country. The Mizoram government has started the process of collecting biometric details of Myanmar nationals following an instruction from the Union ministry of home affairs, an official said on Sunday.… Continue reading Mizoram begins collection of biometric details of Myanmar nationals