India condoles death of 12 nationals in Ras Laffan gas facility explosion, US senators flag Pakistan’s history of harbouring terrorists, hiding bin Laden, India initiates anti-dumping probe against imports of electrical steel from China, 3 other nations,

GST collection for September rises 9.1% to Rs 1.89 lakh crore

GST collections clocked near double-digit growth to amass Rs 1.89 lakh crore in September -- a month in which the reduced tax rates came into effect in the second half. The GST collections were 9.1 per cent higher than the same month a year ago and over 1.5 per cent higher than the previous month. Gross Goods and Services Tax (GST) mop-up was Rs 1.73 lakh crore in September 2024. Last month, the collection was Rs 1.86 lakh crore, as per government data released on Wednesday.
For the April–August period, GST revenues totalled Rs 10.04 lakh crore, marking a 9.9% increase from Rs 9.13 lakh crore collected during the same period last year.
Alongside steady revenue growth, September also marked a landmark reform in India’s indirect tax system. The GST Council approved a rationalisation of the tax structure, cutting the four existing slabs down to two. The 12% and 28% rates have been scrapped, with only 5% and 18% slabs retained. Items earlier taxed under the discontinued rates will now largely shift to the revised categories, making a range of products cheaper.
The new structure, effective from September 22, 2025, excludes certain products such as pan masala, gutkha, cigarettes, chewing tobacco, zarda, unmanufactured tobacco, and bidi, which will continue under higher rates.


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Food & Lifestyle

Avocado is also an excellent source of dietary fiber. Including it in your meals can contribute significantly to your daily fiber intake. 

Read More

Crime

The NIa has arrested two key accused in connection with the 2022 bomb blast in West Bengal's Amta area that claimed one life and left three others injured.

Read More

Opinion

The India-US economic relationship appears to be entering a crucial phase, with both sides moving toward the “final touches” on an interim trade agreement after months of difficult negotiations.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.