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This April 2024, India's GST collections reached an all-time high of ₹2.10 lakh crore! Which state taking the lead? ✨That’s a 12.4% increase compared to last year. ❓ What does this mean? More business transactions and increased imports are signs that our economy is improving! ↕️ Here is a quick breakdown for you- 📌 CGST (Central GST): ₹43,846 crore 📌 SGST (State GST): ₹53,538 crore 📌 IGST (Integrated GST): ₹99,623 crore (Includes goods imported into India) 📌 Cess: ₹13,260 crore (Extra tax on certain items, including imports 📍 Which State Contributed the Most and Least? Maharashtra took the lead with ₹37,671 crores while Lakshadweep contributed ₹1 crore. ❓ Why Should You Care? 👉 A strong GST collection means the government has more money to invest in public services and infrastructure, making India a better place to live and work. 👉 For entrepreneurs and business owners, it could signal a stable environment with plenty of opportunities for growth. How does this GST collection impact your life? Let me know in the comment box! Follow Sanjay Pekam for such more updates!

India’s economy achieved a monumental milestone that’s worth celebrating. The GST collections in April 2024, skyrocketed to an unprecedented Rs 2 lakh crore. This is not just a number, but a testament to our nation’s economic resilience and the effectiveness of our tax compliance measures. The net GST revenue for March 2024 was a robust Rs 1.65 lakh crore, marking an impressive 18.4% growth compared to the same period last year. The total gross GST collection for the full year surpassed Rs 20 lakh crore, a significant 11.7% increase over the previous fiscal year. Here’s a breakdown of the GST collection for March 2024: • CGST: Rs 34,532 crore,  • SGST: Rs 43,746 crore,  • IGST: Rs 87,947 crore (including Rs 40,322 crore collected on imported goods), and Cess: Rs 12,259 crore (including Rs 996 crore collected on imported goods). This achievement is a testament to the strength and resilience of the Indian economy. It’s a moment of pride for us all. What are your thoughts on it? #gst #Indianeconomy

GST which reflects consumption data in India hits another record level. At USD 21Bn gross GST revenue collected during January 2024; records 10.4% Year-on-Year growth. GST collections are second highest ever and cross USD 20Bn mark for the third time in FY 2023-24.

📈 In June 2024, India's Gross GST revenue collection reached an impressive mark of ₹1.29 lakh crore, showcasing a steady growth trajectory. While this reflects a robust economic recovery, the Net GST revenue after settlement stood at ₹1.08 lakh crore, indicating strong compliance and tax base expansion. The consistent growth in GST collection is a testament to the resilience of the Indian economy and the effectiveness of tax reforms. 💼🇮🇳 These figures exemplify the positive impact of GST reforms and the increased tax compliance, ultimately contributing to the nation's economic stability and growth. This impressive performance reinforces India's position as a global economic powerhouse and a favorable investment destination. 🌐💰 As businesses and professionals, it's crucial to stay informed about these revenue trends as they directly impact the business environment and government policies. Keep an eye on the evolving tax landscape and leverage this information to make strategic financial decisions. 💡💼 #GST #RevenueCollection #EconomicGrowth #TaxReforms #IndiaEconomy #FinanceTrends #BusinessStrategies Note: AI-powered post. May contain errors.

🌟 GST Collections on the Rise! Here’s What You Need to Know! The latest report shows that GST revenue continues to grow, reflecting India’s economic resilience. Here are the key takeaways: 1. September 2024 GST Collections grew by 6.5% over September 2023, reaching ₹1.73 lakh crore, including taxes on both domestic transactions and imports. 2. State-wise Growth: • Haryana leads with a 24% jump! • Delhi grew by 20%, reflecting the capital’s economic strength. 3. Refunds Surge: A 31% increase in refunds (₹20,458 crores) means more liquidity for businesses, boosting investment and growth. 4. Total Year-to-Date Collections: We’ve already crossed ₹10.87 lakh crores for the current fiscal year, 9.5% higher than the same period last year! This continued growth is a positive signal for India’s economy, driving infrastructure, services, and development. #GST #Economy #IndiaGrowth

"🚀 Record-breaking news alert! India's GST Collections Soar to New Heights, Surpassing Rs 2.10 Lakh Crore in April! India's GST collections hit a record high of Rs 2.10 lakh crore in April, driven by a 12.4% year-on-year growth. Domestic transactions surged by 13.4%, reflecting a robust economy. The net GST revenue stood at Rs 1.92 lakh crore after refunds, marking a 15.5% increase from last year. This milestone underscores the resilience of the tax system and reflects strong economic activity.

Strong GST Growth in April 2024!   India's GST collections hit a record high of ₹2.10 lakh crore in April 2024, reflecting a 12.4% year-on-year jump. This surge is driven by both domestic transactions (+13.4%) and imports (+8.3%). Net GST revenue after refunds also saw impressive growth of 15.5%.   Here's a breakdown: CGST: ₹43,846 crore SGST: ₹53,538 crore IGST: ₹99,623 crore (incl. ₹37,826 crore on imports) Cess: ₹13,260 crore (incl. ₹1,008 crore on imports) Positive news for both central and state governments with healthy revenue figures #JPChawla #GST #IndianEconomy #PIB #Taxation

GST Collections Surge: A State-by-State Breakdown India's GST revenue reached a new high in April 2024, surpassing ₹2.10 lakh crore. Maharashtra led the pack, contributing over ₹37,000 crore. The top six states collectively amassed over ₹1 lakh crore. This visualization offers a comprehensive state-wise breakdown of GST collections. #GST #IndianEconomy #StateFinance #TaxCollection #FinancialInsights

India’s Gross GST Collections during December 2023 surged by 10.3% to Rs 1.64 trillion! Between April and December, India crossed the Rs 1.60 trillion mark for seven consecutive months. This shows India’s robust economic growth and resilience. India also witness a remarkable 12% YoY growth, reaching Rs 14.97 trillion. 💼 Breakdown: -Central GST: Rs 30,443 crore -State GST: Rs 37,935 crore -Integrated GST: Rs 84,255 crore -Cess: Rs 12,249 crore The government is expected to exceed last year's marks this year. #gstindia #gstupdates #gstnews #gst #financenews #indianeconomy #gstcompliance  

August 2024 saw India's GST collections rise by 10% year-on-year, reaching ₹1.74 lakh crore. Experts emphasize that despite a slight month-on-month decline, the overall trend reflects robust economic performance and buoyancy in both direct and indirect taxes. The total GST collection for 2024 is already 10.1% higher than the previous year, highlighting the effectiveness of tax reforms and the government's commitment to fostering economic growth. This upward trajectory suggests a resilient economy poised for further development.   #GST #EconomicGrowth #India #TaxReform #BusinessNews #Finance #RobustEconomy