Tax Collection News - Latest Updates & Headlines

Punjab sees record-breaking growth in GST collections, says state Finance Minister

Chandigarh, July 1: Punjab has recorded a record-breaking 44.44 per cent growth in net Goods and Services Tax (GST) collections for June 2025 and a substantial 27.01 per cent growth for the first quarter of this fiscal, marking the highest-ever GST revenue growth in a fiscal quarter and for June in state's history, said state Finance Minister Harpal Singh Cheema on Tuesday.

Direct tax collections rise 4.86% in FY26 so far, net collections dip on higher refunds

New Delhi, June 21: India's gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to about Rs 5.45 lakh crore as of June 19, compared to about Rs 5.19 lakh crore collected during the same period last year, according to data released by the Income Tax Department.

Private consumption in India slows in Q4 FY25; fiscal deficit met, but revenue collections see soft start to FY26: BoB Report

New Delhi, June 12: Private consumption in the Indian economy moderated slightly in the fourth quarter of FY25, according to a recent report by Bank of Baroda.

Digital push, rebates help Surat cross Rs 359 crore in April tax collection

Surat, June 2: With the abolition of octroi, property tax has emerged as the Surat Municipal Corporation’s primary source of income. In a bid to encourage early payments, SMC announced rebates on seven types of taxes for April and May, a move that has seen over Rs 359 crore deposited in April alone.

Strive to achieve first place in GST collection nationwide: Siddaramaiah to officials

Bengaluru, May 17: Karnataka currently holds the second position in the country in GST collection, and efforts must be made to secure the top position in the coming days, said Chief Minister Siddaramaiah on Saturday.

India's direct tax collections surge 16 pc to Rs 25.86 lakh crore

New Delhi, March 18: India's direct tax collections recorded a robust 16.2 per cent growth to Rs 25.86 lakh crore during April 1, 2024 - March 16, 2025 of the current financial year compared to the same period of the previous financial year, according to latest figures compiled by the Income Tax Department.

India's direct tax collections surge 16.2% to Rs 25.9 lakh crore as of March 16

New Delhi, March 17: India's direct tax collections have witnessed a robust growth of 16.15 per cent year-on-year, reaching Rs 25.86 lakh crore in the financial year 2024-25 (as of March 16, 2025), as per the latest data released by the Central Board of Direct Taxes (CBDT).

Delhi: NDMC to open property tax collection offices on weekends as well

New Delhi, March 6: Looking to boost collection, New Delhi Municipal Council's (NDMC) property tax collection counters as well as tax office will remain open on Saturdays and Sundays in March, an official said on Thursday.

Using modern tools to increase revenue & improve tax collections: Tripura CM

Agartala, Feb 22: Tripura Chief Minister Manik Saha on Saturday said that to increase revenue from various sectors and improve tax collection, modern technologies are being utilised and digital awareness among the taxpayers would be further expanded.

India's net direct tax collection surges 15 pc to cross Rs 17.78 lakh crore in 2024-25

New Delhi, Feb 11: India's net direct tax collection, comprising mainly corporate tax and personal income tax, jumped by 14.69 per cent to cross the Rs 17.78 lakh crore mark as of February 10 in the current financial year compared to 15.51 lakh crore in the same period of 2023-24, according to a data released by the Central Board of Direct Taxes (CBDT) on Tuesday.

GST collections in January soar 12.3 pc to Rs 1.96 lakh crore

New Delhi, February 1: Goods and Services Tax (GST) collections in January, in gross terms, stood at Rs 1.96 lakh crore, with a yearly jump of 12.3 per cent, according to data from the finance ministry released Saturday.

Gross Direct Tax collection sees 19.94 per cent growth as of January 12

New Delhi, January 13: The gross direct tax collection in India has achieved an impressive year-on-year (YoY) growth of 19.94 per cent, amounting to Rs20.64 lakh crore as of January 12, 2025.

GST collections in December increase 7.1% to Rs 1.76 lakh crore

New Delhi, January 1: Goods and Services Tax (GST) collections in December, in gross terms, were at Rs 1.76 lakh crore, with a yearly jump of 7.3 per cent, according to data from the finance ministry released on Wednesday.