GST Collections In August Reach Rs 1.86 Lakh Crore, Up 6.5% YoY
The gross goods and services tax collections increased 6.5% year-on-year to Rs 1.86 lakh crore in August, compared to Rs 1.75 lakh crore reported in August 2024, Finance Ministry data showed. The net collection, rose to Rs 1.67 lakh crore, growing 10.7%.
The August month saw 20% drop in total refunds, which fell to Rs 19,359 crore, compared to Rs 24,170 crore during the same month last year.
However, in July India's net GST collections moderated to Rs 1.68 lakh crore on back of high refunds issued during the month.
Between April and August, GST revenues totalled Rs 10.04 lakh crore—up 9.9% from Rs 9.13 lakh crore during the same period last year.
Maharashtra, Karnataka, Tamil Nadu and Gujarat continue to be among the top states in terms of GST revenue. In actual terms, Maharashtra continued to dominate state-wise collections at Rs 28,900 crore, growing 10% from last August. Karnataka followed Maharashtra, although in actual terms, they raked in collections of Rs 14,204 crore.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
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Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
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When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
