GST collections in India have showcased consistent growth annually since its implementation on July 1, 2017, reaching an average monthly gross collection of Rs 1.66 lakh crore in the current fiscal year, according to Finance Minister Nirmala Sitharaman. The minister highlighted that each month of the ongoing fiscal year has witnessed GST collections surpassing the Rs 1.50 lakh crore mark, with a record high of Rs 1.87 lakh crore achieved in April 2023.
Sitharaman emphasized the upward trajectory in GST collections year-on-year since its rollout, indicating an 11% increase in the average monthly collection for the current fiscal year compared to the preceding financial year. The average monthly GST collection in 2022-23 stood above Rs 1.50 lakh crore, marking notable growth from Rs 1.23 lakh crore in 2021-22 and Rs 94,734 crore in 2020-21.
Esta historia es de la edición December 05, 2023 de The Business Guardian.
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Esta historia es de la edición December 05, 2023 de The Business Guardian.
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LG direct for immediate appointment of 2,346 Home Guards
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'Discoms colluding with AAP for windfall gains'
The Delhi BJP on Tuesday submitted a memorandum to Lieutenant Governor VK Saxena, calling for an investigation into alleged financial irregularities in the power distribution companies, or discoms.
Delhi faces unusually high temperatures in Nov
This year, however, daytime temperatures have not fallen below 30 degrees Celsius, with the lowest recorded so far at 31 degrees Celsius.
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HC pulls up Delhi Govt Finance Dept for delayed funds to Asha Kiran
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Supreme Court Dismissed Man's Petition To Deactivate 'Machine' Controlling His Brain: 'Bizarre'
The Supreme Court in the case observed and has dismissed a petition filed by a man who alleged that his brain was being controlled by other persons through a machine.