{"id":13456,"date":"2024-06-14T15:41:37","date_gmt":"2024-06-14T15:41:37","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=13456"},"modified":"2024-06-14T15:41:37","modified_gmt":"2024-06-14T15:41:37","slug":"feb-gst-collection-surges-8-in-state","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/feb-gst-collection-surges-8-in-state\/","title":{"rendered":"Feb GST collection surges 8% in state"},"content":{"rendered":"<p>Increased inflationary pressure, improved industrial production, revival in demand and in turn consumption kept tax collection buoyant in February. According to the data by<u>Union ministry of finance<\/u>, the goods and <a href=\"https:\/\/exam.pscnotes.com\/services\">Services<\/a> tax (GST) collection in<u>Gujarat<\/u>stood at Rs 8,873 crore in February 2022, up 8% year-on-year against Rs <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> 8,221 crore in the corresponding month last year.<\/p>\n<p> players and tax professionals attribute the spike in tax collection to <a href=\"https:\/\/exam.pscnotes.com\/inflation\">Inflation<\/a> and cost pressures in addition to streamlining of business procurement cycles.<\/p>\n<p>According to data by state commercial tax department, total collection of state goods and services tax (SGST), stood at Rs 3,007.46 crore with an<u>IGST<\/u>settlement of Rs 1,179.74 crore, amounting to a total of Rs 4,187.20 crore in February as compared to <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> Rs 4,365.79 crore in January<br \/> Net VAT collection in Gujarat stood at Rs 2,592.28 crore in February as compared to Rs 2,622.4 crore in January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Increased inflationary pressure, improved industrial production, revival in demand and in turn consumption kept tax collection buoyant in February. According to the data byUnion ministry of finance, the goods and Services tax (GST) collection inGujaratstood at Rs 8,873 crore in February 2022, up 8% year-on-year against Rs 8,221 crore in the corresponding month last year. &#8230; <a title=\"Feb GST collection surges 8% in state\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/feb-gst-collection-surges-8-in-state\/\">Read more <span class=\"screen-reader-text\">Feb GST collection surges 8% in state<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1084],"tags":[1014],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Feb GST collection surges 8% in state - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/feb-gst-collection-surges-8-in-state\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Feb GST collection surges 8% in state\" \/>\n<meta property=\"og:description\" content=\"Increased inflationary pressure, improved industrial production, revival in demand and in turn consumption kept tax collection buoyant in February. According to the data byUnion ministry of finance, the goods and Services tax (GST) collection inGujaratstood at Rs 8,873 crore in February 2022, up 8% year-on-year against Rs 8,221 crore in the corresponding month last Join ... 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According to the data byUnion ministry of finance, the goods and Services tax (GST) collection inGujaratstood at Rs 8,873 crore in February 2022, up 8% year-on-year against Rs 8,221 crore in the corresponding month last Join ... 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