Reduce GST Dependence, Boost Non-Tax Revenue
The Economic Survey 2024-25 has revealed a critical fiscal challenge for Nagaland – its heavy dependence on Goods and Services Tax (GST), which accounts for 72% of the state’s revenue.…
Manipur and Nagaland lead in GST dependence, Economic Survey shows
The Goods and Services Tax (GST) has established itself as the primary revenue source for 23 Indian states between April and November 2024, according to the Economic Survey 2024-25 released…
Dimapur Municipal Council defends tax policies amid accusations of unregulated fees
The newly elected Dimapur Municipal Council (DMC) has faced mounting allegations, particularly from business organizations, regarding its taxation practices. However, in a press statement released on Sunday, the DMC dismissed…
Nagaland’s GST collection in 2023-24 is Rs 1064 Crore: CM Rio
Nagaland Chief Minister Neiphiu Rio announced on Saturday that the state had collected approximately Rs 1,064 crore in Goods and Services Tax (GST) during the fiscal year 2023-24. He further…
Nagaland: Petrol, diesel to become costlier from midnight of June 30
Diesel and petrol prices in Nagaland will be increased following the state government’s revision of sales tax rates to 21.75 percent for petrol and 17.20 percent for diesel. These new…
GST collection reaches Rs 1.62 lakh crore in September 2023; GST collection in Nagaland up by 5%
Mokokchung, 01 October (MTNews): The central and state governments collectively garnered a total of Rs 1.62 lakh crore in Goods and Services Tax (GST) during the month of September 2023.…
Nagaland records 6% GST growth in May year on year
Mokokchung, 1 June (MTNews): The finance ministry has reported a 6% year on year growth in Goods and Services Tax (GST) for Nagaland, reaching around Rs 52 crore compared to…
Nagaland records 11% GST growth in November
Mokokchung, December 1 (MTNews): According to the latest report released by the Finance Ministry, Goods and Services Tax (GST) collections for the month of November 2022 stood at Rs. 1,45,867…
GST collection in August was Rs.1.43 lakh crore, 28% year-on-year increase | Nagaland GST revenue in August was Rs. 38 crore
According to data released by the Ministry of Finance today, the gross GST revenue collected in the month of August 2022 jumped 28% year-on-year. August GST collections came in at…
July GST revenue collection second highest ever; Nagaland records 48% GST growth in July 2022
Mokokchung, August 1 (MTNews):Ever since the introduction of the Goods and Services Tax, the Gross GST revenue collected in the month of July 2022 was the second highest collection at…