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MTHLY GST COLLECTION ABOVE RS 1.6 LAKH CRORE IS NOW STANDARD: FM
The Business Guardian
|July 03, 2023
The FM highlighted that following the implementation of GST, there was a tax growth of 12.3%, surpassing the GDP growth rate of 9%, resulting in significant buoyancy
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During a press briefing on GST Day 2023, Finance Minister Nirmala Sitharaman stated that maintaining a monthly Goods and Services Tax (GST) revenue above Rs 1.6 lakh crore has become the standard practice since its implementation in 2017.
Six years after the rollout of the biggest indirect tax reform in India, GST revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.
Cette histoire est tirée de l'édition July 03, 2023 de The Business Guardian.
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