FylFlix Articles
Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
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Latest Articles
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Analysing the Impact of Increased GST on Chit Funds: Commissions, Returns, and Savers
A higher GST rate on chit fund commissions changes the economics for both foremen and subscribers. This guide breaks down how increased GST affects chit fund commissions, member returns and the small savers who rely on them. The Indian government increased the Goods and Services Tax (GST) on chit funds… Read More…
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Analyzing GST’s Influence on India’s Entertainment Sector: Rates, Credits, and Consumer Impact
GST reshaped how movies, events and OTT services are taxed by replacing entertainment tax with a unified structure. This article explains the GST rates on entertainment, input tax credit for the industry, and the impact on ticket prices and consumers. Entertainment plays a significant role in daily life, providing relaxation… Read More…
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Analyzing GST Adjustments and Impacts During the COVID-19 Period
The COVID-19 period brought GST relief measures, deadline extensions and rate changes on essential goods. This article reviews the key GST adjustments during the pandemic and how they affected businesses and compliance. India experienced a nationwide lockdown starting in March 2020 due to the COVID-19 pandemic. In response, the government… Read More…
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Analysing the Impact of GST on Indian Small and Medium Enterprises (SMEs)
GST changed compliance, cash flow and market access for India’s SMEs. This guide explains how GST affects small and medium enterprises, from the composition scheme and input tax credit to registration thresholds and filing obligations. Small and Medium Enterprises (SMEs) have long been recognised as a key engine of economic… Read More…
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GST Input Tax Credit Claim Deadlines: Eligibility, Regulations, and Business Impact
Under GST, the input tax credit (ITC) claim deadline is set by Section 16(4): you can claim ITC for a financial year up to 30 November of the following year or the date of filing the annual return, whichever is earlier. The credit must also appear in your GSTR-2B, be… Read More…
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India State-wise GST Revenue August 2025: Complete Breakdown and Growth Analysis
State-wise GST revenue data for August 2025 shows how collections and growth vary across India. This analysis breaks down the state-wise GST revenue and what the trends indicate. India’s Goods and Services Tax (GST) collections for August 2025 reached Rs 1,86,315 crore, as officially disclosed on September 1, 2025 by… Read More…
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India GST Revenue May 2023: Breakdown, State-wise Data, and Growth Analysis
GST revenue for May 2023 reflects the steady monthly trend in India’s indirect-tax collections. This analysis breaks down the May 2023 GST revenue, its components and growth. India’s Goods and Services Tax (GST) collections reached Rs 1,57,090 crore in May 2023, a 12% increase over the previous year. This performance… Read More…
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India GST Revenue March 2023: Detailed Breakdown, State-wise Data, and Key Insights
March, the financial year-end, often sees strong GST collections as businesses close their books. This analysis breaks down India’s March 2023 GST revenue and what drove it. India’s Goods and Services Tax (GST) revenue reached Rs 1,60,122 crore in March 2023, showing a strong recovery from the previous month’s Rs… Read More…
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India’s Record 2024 GST Revenue: Trends, State Contributions, and Key Insights
2024 marked record annual GST collections for India, reflecting a broader tax base and better compliance. This analysis breaks down India’s record 2024 GST revenue and the trends behind it. India’s Goods and Services Tax (GST) collections for the calendar year 2024 reached an unprecedented Rs 21.36 lakh crore, marking… Read More…
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GST Council Impasse: Dual Control Debate Delays April 2017 Rollout
Before GST launched, a key sticking point was ‘dual control’ — how the Centre and states would share administrative control over taxpayers. This article explains the dual-control debate that delayed the April 2017 rollout. The GST Council failed to reach a consensus on the contentious issue of dual control over… Read More…
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March 2025 State-wise GST Revenue: Rs. 1.96 Lakh Crore with 9.9% YoY Growth
India’s GST collection in March 2025 reached about Rs 1.96 lakh crore, up 9.9% year-on-year. This analysis breaks down the March 2025 state-wise GST revenue and growth. GST collections for March 2025 reached Rs. 1,96,141 crore, representing a 9.9% year-on-year growth from Rs. 1,78,484 crore in March 2024. The GSTN… Read More…
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November 2023 GST Revenue Analysis: Rs. 1.68 Lakh Crore with 15% YoY Growth
India’s GST collection in November 2023 was about Rs 1.68 lakh crore, up 15% year-on-year. This analysis breaks down the November 2023 GST revenue and what drove the growth. India’s GST collections for November 2023 totalled Rs. 1,67,929 crore, up 15% year-on-year. While this was slightly below the Rs.1,72,003 crore… Read More…