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According to a statement by the Ministry of Finance, the growth was propelled by a robust uptick in both domestic transactions, which rose by 13.4 per cent, and imports, witnessing an 8.3 per cent spike.

After accounting for refunds, the net GST revenue for April 2024 stood at Rs 1.92 lakh crore, showcasing an impressive 17.1 per cent growth compared to the corresponding period last year.

The breakdown of April 2024 collections reveals positive performance across various components. Central Goods and Services Tax (CGST) recorded collections of Rs 43,846 crore, while State Goods and Services Tax (SGST) collections amounted to Rs 53,538 crore. Integrated Goods and Services Tax (IGST) collections totaled Rs 99,623 crore, including Rs 37,826 crore collected on imported goods.

Additionally, cess collections reached Rs 13,260 crore, which included Rs 1,008 crore collected on imported goods.

Furthermore, the inter-governmental settlement process saw the central government disbursing Rs 50,307 crore to CGST and Rs 41,600 crore to SGST from the IGST collected. This resulted in total revenue of Rs 94,153 crore for CGST and Rs 95,138 crore for SGST for April 2024 after regular settlement.

During the financial year 2023-24 the total gross GST collection recorded at Rs 20.18 lakh crore, exceeding Rs 20 lakh crore with a 11.7 per cent increase compared to the previous fiscal year. The average monthly collection for this fiscal year, that ended in March 2024 stood at Rs 1.68 lakh crore, surpassing the previous year's average of Rs 1.5 lakh crore.

The surge in recent GST collections reflects a positive trajectory for India's economy, underscoring robust domestic consumption and buoyant import activity. The figures bode well for the country's fiscal health and economic recovery efforts, signaling resilience amidst global uncertainties.

The Goods and Services Tax was introduced in the country with effect from July 1, 2017, and states were assured compensation for loss of any revenue arising on account of the implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for a period of five years.

(ANI)

The PM will address a huge road show in Berhampur, later he will join a general meeting in Nabarangpur.

Notably, PM Modi is going to visit Odisha after Union Home Minister Amit Shah and BJP National President JP Nadda. 
 

"There is no need to panic. Mails appear to be a hoax. Delhi Police and security agencies are taking necessary steps as per protocol," the official release from the MHA read.

The bomb threat triggered heightened vigilance across the educational institutions, with police vehicles, ambulances and fire engines spotted outside the campuses.

A wave of panic swept through Delhi and the National Capital Region (NCR) as several schools reported to have received bomb threats via email. The ominous messages, received in the early hours of Tuesday, prompted swift action from authorities who urged parents to retrieve their children from the affected schools. Concurrently, central agencies initiated a thorough investigation into the threats, heightening security measures across the region.

Adding to the concern, reports emerged of airports receiving similar threats in recent days, alongside warnings directed at several hospitals on Monday. The series of developments put the national capital on edge, with the authorities intensifying efforts to ensure the safety and security of all residents.

Earlier, the director of Delhi Fire Services, Atul Garg, confirmed that more than 60 schools had received the threat call.

Meanwhile, Delhi Police's Special Cell launched an investigation into the bomb threat to several schools, the police informed, adding that nothing suspicious has been found in the ongoing searches across campuses.

DCP New Delhi, Devesh Kumar Mahla said, "We've carried out searches in all the schools and nothing has been found. There is no need to panic."

Delhi LG VK Saxena, who arrived to inspect one of the schools that received the bomb threat, said he has directed the Delhi Police commissioner to conduct a detailed probe in the matter.

"I spoke to the Police Commissioner and sought a detailed report into the bomb threats at schools in Delhi-NCR. I directed Delhi Police to carry out a thorough search of the school premises, identify the culprits and ensure there are no lapses. I request the parents not to panic and cooperate with the administration in ensuring the safety of schools and the children. The culprits will not be spared," LG Saxena said.

(ANI)