Jump to content

GST touches 1 lakh crore this month


Kiran

Recommended Posts

The total revenue collection under the Goods and Services Tax (GST) regime rose to Rs 103,458 crore during April 2018, official data showed on Tuesday.

According to the Ministry of Finance, the average monthly collection under the GST regime for the last eight months -- August 2017-March 2018 -- was Rs 89,885 crore.

As per the statement, the buoyancy in tax collection under the GST "reflects the upswing in the economy and better compliance". "However, it is usually noticed that in the last month of the financial year, people also try to pay arrears of some previous months and, therefore, this month's revenue cannot be taken as trend for the future," the statement added.

https://m.economictimes.com/news/economy/policy/gst-revenue-collection-for-april-2018-exceeds-rs-1-lakh-crore/articleshow/63983048.cms

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...