A three-rate structure is very important and there is also a need to fix inverted duty structure as far as the GST is concerned, K V Subramanian said
One of the key factors that have aided in increased GST revenue collection lately and enhanced tax administration is utilisation of technology
At Rs 92,849 crore, the goods and services tax (GST) collection is the lowest in 10 months since August 2020
GST collections, which directly reflect the state of economic activity, in April are 14% higher than Rs 1.23 lakh crore mopped up in March
GST revenues crossed above Rs 1 lakh crore mark at a stretch for the last six months and a steep increasing trend over this period are clear indicator
The GST collection during the period has been higher than the collection in the same period last year, Minister of State for Finance and Corporate Aff
Out of that amount, the shortfall from cess collections will be at Rs 1.6-2 lakh crore, according to an Icra report