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gst collection news

Punjab’s first-quarter GST collection logs 24% jump

The Punjab finance minister attributed this growth to sustained economic activity, improved tax compliance and ongoing administrative reforms within the excise and taxation department. (HT)
chandigarh news
Updated on Jul 02, 2026 09:38 am IST

Punjab logs highest-ever GST collection in April, posts sharp y-o-y growth

Punjab Finance Minister Harpal Singh Cheema addresses a press briefing in Chandigarh.
genesis
Published on May 05, 2026 10:53 am IST

Cash-strapped Punjab to seek over ₹12,000 crore from RBI

Financial challenges continue to mount as the state recently saw floods that wreaked across several districts. Later, rationalisation of GST rates dampened growth in collection, according to the finance minister.
chandigarh news
Published on Jan 04, 2026 05:38 am IST

Punjab’s net GST collection rises 21.5% up to October: Harpal Cheema

Punjab’s 21.5% growth rate in GST collection is well above the national average of 7%, placing the state among the top performers in north India. (HT File)
chandigarh news
Published on Nov 03, 2025 03:06 am IST

New GST rates: Full list of items under new tax slabs

Items that have been included in the 0% GST bracket are stationery items, including exercise books, notebooks, erasers, pencils, sharpeners, crayons and more.
india news
Published on Sept 22, 2025 03:33 pm IST

'GST reforms not dictated by external factors': Ashwini Vaishnaw amid US tariffs

On September 3, following a meeting of the GST Council, the government announced a sweeping overhaul of the tax regime, with most goods and services now charged at the rates of 5% and 18%.
india news
Updated on Sept 07, 2025 08:14 am IST

Haryana secures fifth position in GST collection in 2024-25: Saini

Haryana chief minister Nayab Singh Saini on Saturday said that despite its relatively smaller population and size, Haryana has emerged as one of the leading tax-collecting states in the country.
chandigarh news
Published on Sept 07, 2025 05:14 am IST

Demand spike likely to help meet targets after new GST rates take effect: FM

Union finance minister Nirmala Sitharaman (PTI)
india news
Updated on Sept 06, 2025 08:19 am IST

Benefit of lower GST will be passed on to consumers: Piyush Goyal

The existing four-tier structure of 5%, 12%, 18% and 28% has been replaced with a simplified two-rate model of 5% and 18%. (PTI photo)
india news
Published on Sept 05, 2025 06:29 pm IST

No GST on health insurance soon: Who will benefit? All you need to know

An individual looking to buy a policy after September 22 will be exempted from paying GST.
india news
Published on Sept 05, 2025 06:51 am IST

Milk, AC, life insurance and others to become cheaper from Sept 22 | Details

GST on common items of daily use, such as hair oil, toilet soap bars, shampoos, toothbrushes, and toothpaste have been reduced 18% or 12% to 5%
india news
Published on Sept 04, 2025 12:54 pm IST

'Next-gen GST' to roll out from Sept 22: Key takeaways from govt's tax overhaul

A landmark decision also exempts all individual life and health insurance policies from GST.
india news
Updated on Sept 04, 2025 03:42 pm IST

Sensex, Nifty jump 1% each as GST reforms lifts insurance, FMCG, auto stocks

A screen displaying the Sensex is pictured at the Bombay Stock Exchange (BSE) building in Mumbai
business
Updated on Sept 04, 2025 09:53 am IST

GST council approves 2-slab structure: What gets cheaper, what gets costlier

Union Finance Minister Nirmala Sitharaman addresses the media regarding the 56th GST Council meeting, in New Delhi, Wednesday, Sept. 3, 2025.
india news
Updated on Sept 04, 2025 01:47 pm IST

New GST rates: List of key items shared by government on tax cut

A new 40% slab has also been introduced for luxury and "sin" goods under the new GST tax rules.
india news
Updated on Sept 03, 2025 11:35 pm IST

UP’s GST collection rebounds in July, but overall FY growth in red

The state tax department even launched a statewide campaign to identify possible causes, which are yet to be identified. (Pic for representation)
lucknow news
Published on Aug 06, 2025 07:20 am IST

Sensex and Nifty surge on optimism over US trade deal

India's manufacturing sector growth rose to a 14-month high of 58.4 in June.
business
Published on Jul 02, 2025 11:28 am IST

Chandigarh: June GST collection sees 2% decline compared to last year

In March, the collection rose by 1%, reaching ₹241 crore, while February saw a 12% rise at ₹236 crore. However, this follows a brief decline in December 2024, where GST collections dropped by 20%. (PTI)
chandigarh news
Published on Jul 02, 2025 10:30 am IST

Punjab’s GST mop-up rises 19.77% to record ₹2,654 cr in April: Cheema

Cheema said that this robust growth underscores the increasing compliance among taxpayers. (HT File)
chandigarh news
Published on May 04, 2025 07:30 am IST

State govt’s revenue in FY24-25 is ₹20,000 crore lower than estimated

The shortfall is almost 6% of the targeted revenue of ₹3,67,467 crore as per the revised estimates announced on March 10, when state finance minister Ajit Pawar presented the budget. (PTI)
mumbai news
Published on Apr 06, 2025 08:26 am IST

Chandigarh’s GST collection up by 1% in March

Collected ₹ 241 crore in comparison to ₹ 238 crore mopped up during the same month in 2024. (PTI)
chandigarh news
Published on Apr 03, 2025 08:54 am IST

Punjab’s tax revenue up due to govt efforts: Harpal Singh Cheema

Punjab finance minister Harpal Singh Cheema said this fiscal year has seen a continuation of the previous years’ trend, with a 13.4% growth rate in net GST, 14.4% rise in excise, 5.10% climb in VAT, 17% increase in CST, and 13.65% rise in PSDT up to February when compared to the same period in FY 2023-24 (HT File)
chandigarh news
Published on Mar 03, 2025 07:14 am IST

Chandigarh’s GST collection up by 12% in February

After witnessing a decline in December 2024, the GST collection in January saw an increase of 8% compared to the revenue generated during the corresponding period in 2024. (Getty Images/iStockphoto)
chandigarh news
Published on Mar 02, 2025 09:08 am IST

Punjab records 11.87% growth in GST, higher than national average

Punjab has achieved 11.87% growth in net Goods and Services Tax (GST) collection up to January in the current financial year, compared to 2023-24.
chandigarh news
Published on Feb 03, 2025 07:50 am IST

Punjab GST mop-up surged in 3rd quarter after poor first half

The total collection during the April-December period of 2024-25 stood at ₹17,318.21 crore, up 11.98% from ₹15,464.79 crore in the same months of the previous fiscal, according to data of key fiscal indicators.
chandigarh news
Updated on Jan 24, 2025 08:14 am IST

Centre betrays Karnataka by meagre allocation of funds: CM Siddaramaiah

Karnataka Chief Minister Siddaramaiah.
bengaluru news
Updated on Jan 13, 2025 08:46 pm IST

GST filing deadline extension under consideration after online portal's outage

The GSTN added that the portal can be expected to be operational by 12:00 noon and that the CBIC is being sent an incident report to consider extension in filing date.
business
Updated on Jan 10, 2025 01:43 pm IST

Chandigarh’s GST collection grew 20% in November

In July, Chandigarh recorded an increase of 8% against the gross levy collected during the corresponding period in 2023. The collection for July stood at ₹233 crore, ₹16 crore more than ₹217 crore collected in 2023. Even in May, the collection grew by 6%, going up from ₹168 crore in 2023 to ₹178 crore in 2024. (HT Photo)
chandigarh news
Updated on Dec 03, 2024 09:10 am IST

Punjab’s GST growth slows down to 4-year low at 5.97%

GST collection has slowed to a four-year low in the first half of the financial year 2024-25. (HT File)
chandigarh news
Updated on Oct 17, 2024 06:34 am IST

Chandigarh’s GST collection drops 10% in Sept

In August, the city saw an increase of 27% in GST revenue compared to the corresponding period in 2023. (HT Photo)
chandigarh news
Updated on Oct 03, 2024 09:42 am IST
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