India's GST Collection Touches Over Rs 1 Lakh Crore Mark In July
Due to the easing of Covid-19 restrictions and a recovering economy, the Goods and Service Tax (GST) collection crossed over Rs 1 lakh crore in July 2021, said Finance Minister Nirmala Sitharaman. According to the Finance Ministry, CGST of Rs 22,197 crores, SGST of Rs 28,541 crores, IGST of Rs 57,864 crores, and Cess of Rs 7,790 crores were collected in July.
Tags: Ministry of Finance, Nirmala Sitharaman, Goods and Services tax, India
Courtesy: Mathrubhumi
GST Collections Clock All Time High Of Rs 1.41 Trillion In April
Setting a new record in the indirect tax bracket, the Goods and Services Tax (GST) collections stood at an all-time high of Rs 1.41 trillion in April. Experts attributed government's strict compliance along with heavy crackdown of evaders behind the surge. Reportedly, the collections crossed one trillion mark for seventh time in a row while surpassing previous month's collections by 14%. However, experts expressed worries about future… read-more
Tags: GST, Indirect tax, Goods and Services tax, april, India, tax
Courtesy: Business Standard