Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
July GST mop-up at ₹1.96 trillion but refunds slow growth
Mint Kolkata
|August 02, 2025
Despite the surge in refunds, cumulative GST revenue for the current fiscal year rose 8.4% to ₹7.1 trillion after refunds
The Centre and state governments collected ₹1.96 trillion in Goods and Services Tax (GST) in July, a 7.5% increase from the same period last year, official data showed on Friday. However, a sharp rise in tax refunds moderated the growth in net revenue.
After adjusting for refunds, the net GST revenue stood at ₹1.69 trillion, just 1.7% higher than the year-ago period. Businesses received ₹27,000 crore in tax refunds in July, marking a 67% increase from the same month last year.
Despite the surge in refunds, cumulative GST revenue for the current fiscal year has grown 8.4% to ₹7.1 trillion after refunds.
Denne historien er fra August 02, 2025-utgaven av Mint Kolkata.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Kolkata
Mint Kolkata
That distinct taste: Why the world is toasting Indian spirits
Few Indian consumer categories have brands that can claim to go global. Premium spirits, especially whisky, is one of them.
2 mins
November 24, 2025
Mint Kolkata
RBI must sharpen its policy focus on financial stability
The central bank’s monetary policy review in December comes at a time when inflation is benign and growth robust.
3 mins
November 24, 2025
Mint Kolkata
Modi calls for Al pact to counter misuse
Prime Minister Narendra Modi on Sunday called for a global compact to prevent misuse of artificial intelligence (AI) and made a strong pitch for critical technologies to be human-centric, instead of finance-centric.
1 min
November 24, 2025
Mint Kolkata
Labour codes could act as an economic catalyst
If enforced as envisioned, the four codes can yield a more secure workforce and strengthen India's economy. Employers should not just comply but also focus on their collective interest
2 mins
November 24, 2025
Mint Kolkata
Claims on dubious IBC deals hit $4 tn
The IBC requires resolution professionals to review transactions of the corporate debtor during the statutory look-back period and approach the National Company Law Tribunal (NCLT) for recovery from preferential, undervalued, fraudulent or extortionate (PUFE) transactions, said Surendra Raj Gang, partner, deals — debt & special situations at Grant Thornton Bharat LLP.
1 mins
November 24, 2025
Mint Kolkata
US's GameChange looks to set up India manufacturing plant
GameChange Solar, a global solar tracker manufacturer, is looking to double its revenues from India over the next few years as strong order flow from Indian corporates boosts its pipeline, Andrew Worden, founder and CEO of the US-based firm, said in an interview with Mint.
1 mins
November 24, 2025
Mint Kolkata
OYO Assets gets 125 cr fresh funds
OYO parent PRISM-backed OYO Assets has raised ₹125 crore in a fresh funding round from a clutch of institutional and private investors led by InCred, people aware of the development said.
1 min
November 24, 2025
Mint Kolkata
Filings allege Meta hid causal proof of social media harm
Meta shut down internal research into the mental health effects of Facebook and Instagram after finding causal evidence that its products harmed users' mental health, according to unredacted filings in a class action by U.S. school districts against Meta and other social media platforms.
1 mins
November 24, 2025
Mint Kolkata
THE TURMOIL ROILING INDIA'S CRYPTO PIONEER
CoinDCX is contending with regulatory uncertainty, attrition, a $44 million breach and failed bets
7 mins
November 24, 2025
Mint Kolkata
Govt enforces stricter rules for blood screening
Move aims to curb regulatory non-compliance after six children in Jharkhand contract HIV
1 mins
November 24, 2025
Listen
Translate
Change font size