On the rising GST collections, Kejriwal took the credit and said his government in Delhi has shown "that honest governance leads to increased revenue."
According to the official data released by the government, "The Gross collection of Direct Taxes (before adjusting for refunds) for the FY 2023-24 stands at Rs 4,19,338 crore as compared to Rs 3,71,982 crore in the corresponding period of the preceding financial year, registering a growth of
"The state has recorded a Gross GST collection of Rs 4397.73 crore during May 2023 against a collection of Rs 3955.75 crore over the corresponding period of the previous year with a growth rate of 11.17 per cent. The progressive gross GST collection up to May 23 stands at Rs 9433.47 crore ag
Indian stock indices declined Friday morning, largely due to profit booking after the recent consistent bull run. Indian stock indices had been rising for about two weeks, backed by higher-than-estimated Q4 earnings, firm GST collection and foreign fund inflows.
Federation of Indian Chambers of Commerce and Industry (FICCI) President Subhrakant Panda on Tuesday said that India is the next engine of global growth.
Indian stock indices extended their positive momentum from the past week and opened in the green on Tuesday, largely due to firm GST collections and continued foreign fund inflows in April.
"Great news for the Indian economy! Rising tax collection despite lower tax rates shows the success of how GST has increased integration and compliance," tweeted PM Modi.
GST revenues for April 2023 are 12 per cent higher than the GST revenues year-on-year. The highest tax collected on a single day ever was Rs 68,228 crore through 9. 8 lakh transactions on April 20, 2023
Odisha has recorded a Gross GST collection of Rs 4749.02 Crore during March 2023 against Rs 4124.66 Crore during March 2022 with a growth of 15.14 per cent.
Goods and Services Tax was introduced in the country with effect from July 1, 2017 and states were assured compensation for loss of any revenue arising on account of the implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for a period of five years.