India GST Collections July 2026 recorded a 15.4% increase to ₹2.11 lakh crore. Learn the reasons behind the growth, key highlights, historical background, exam-oriented facts, FAQs, and MCQs for UPSC, SSC, Banking, Railways, Defence, and PCS aspirants. India Records Strong GST Revenue Growth India’s Gross Goods and Services Tax (GST) collections reached ₹2.11 lakh crore…
Vivek Chaturvedi appointed as CBIC Chairman effective Dec 1, 2025. Know his background, responsibilities, and significance for indirect tax reforms and competitive exams. Vivek Chaturvedi Takes Charge as New CBIC Chairman New Leadership at the Helm of Indirect Tax Administration The government has appointed Vivek Chaturvedi, a 1990-batch Indian Revenue Service (Customs & Indirect Taxes)…
Vivek Chaturvedi Appointed CBIC Chairman 2025, assuming charge on 1 December. Learn about his role, experience, and significance for GST, customs, and indirect tax administration in India. Vivek Chaturvedi Appointed as New CBIC Chairman — A Key Change in India’s Indirect Tax Leadership Appointment of New Leader at the Helm of Indirect Tax Administration The…
PM Modi’s Decade of Transformation: A Literary Analysis Launched Introduction to the Event On January 30, 2025, Prime Minister Narendra Modi launched a significant literary work titled “PM Modi’s Decade of Transformation: A Literary Analysis”. This book delves into the key socio-economic transformations and policy reforms that have taken place during Modi’s leadership over the…
GST Collection on Health and Life Insurance Sees a Significant Surge The Goods and Services Tax (GST) collection from the health and life insurance sector has witnessed a remarkable rise, reflecting a growing demand for insurance products and increased financial inclusion. This development highlights the sector’s pivotal role in India’s economy and its importance for…
Surge in GST Collections: October Sees 8.9% Year-on-Year Growth In October 2024, India witnessed a notable surge in Goods and Services Tax (GST) collections, which reached a remarkable ₹1.87 lakh crore. This represents an 8.9% increase compared to the same month last year. The growth in GST revenue is indicative of the robust economic recovery…
Central Board of Indirect Taxes and Customs (CBIC): Overview, Establishment, Missions, and Functions Introduction to CBIC The Central Board of Indirect Taxes and Customs (CBIC) is a crucial institution in India responsible for administering indirect taxes, including Customs duties and Goods and Services Tax (GST). Established under the Central Board of Revenue Act, 1963, CBIC…
India’s August GST Collection Surges to ₹1.59 Trillion The Goods and Services Tax (GST) regime has been a crucial aspect of India’s fiscal landscape since its implementation in 2017. In the latest developments, India has witnessed a remarkable surge in its GST collections for the month of August, reaching an impressive ₹1.59 trillion. This news…
GST Revenues in India Hit Record High in April at ₹1.87 Lakh Crore In a piece of great news for the Indian economy, the Goods and Services Tax (GST) revenues for April 2023 touched a record high of ₹1.87 lakh crore. This revenue collection surpassed the previous month’s figure of ₹1.41 lakh crore by a…
GST revenue collection increases 13% to ₹1.60 lakh crore in March 2023 The Goods and Services Tax (GST) revenue collection in India has increased by 13% to ₹1.60 lakh crore in March 2023, according to the Ministry of Finance. The government’s efforts to curb tax evasion, streamline tax administration, and promote digital transactions have resulted…
