The government is expecting the GST collection to remain around Rs 1.5 Lakh crore over next few months
At Rs 92,849 crore, the goods and services tax (GST) collection is the lowest in 10 months since August 2020
Amit Mitra also mentioned in the letter that Infosys chairman had informed the GST Council that fraudulent transactions “hit a peak of Rs 70,000 cr"
As the nation waits with bated breath for the outcome of the GST Council meeting today to determine taxation on Covid essentials, we look back at the
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
The report also added that the all India GST E-way bills would cross 5.5 crore comfortably in April
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
The move will help Aam Aadmi and soften inflation
The collection is, however, lower than the record Rs 1,19,875 crore collected in the previous month