用户名/邮箱
登录密码
验证码
看不清?换一张
您好,欢迎访问! [ 登录 | 注册 ]
您的位置:首页 - 最新资讯
GST collection grows 11% YoY to around Rs 1.6 trillion in August: Govt
2023-09-09 00:00:00.0     商业标准报-经济和政策     原网页

       

       The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on Friday.

       The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022.

       "Roughly numbers are in the range of 11 per cent year on year growth as in earlier months," Malhotra told reporters.

       A 11 per cent growth roughly translates to around Rs 1.60 lakh crore.

       He was replying to a question on the expected GST revenue numbers for August, the data for which will be released later on Friday.

       Malhotra said GDP growth was 7.8 per cent in June quarter and nominally it has grown 8 per cent.

       Also Read

       Gamers urge finance minister to reduce current 28% GST on online gaming

       I-T Dept notifies Cost Inflation Index for current FY for computing LTCG

       GST an engine for driving consumption, helped household save on bills: Govt

       Ad revenue income sharing by X liable to GST, if exceeds threshold: Experts

       Not akin to residential units, hostel accommodation to attract 12% GST: AAR

       India manufacturing PMI grows to three-month high in August: S&P Global

       Morgan Stanley ups India's FY24 economic GDP forecast while BofA cuts

       Hiring dips 5% in August, surge in IT salaries defies experience level norm

       Moody's ups GDP projection to 6.7% for CY2023 on robust economic momentum

       India's manufacturing PMI jumps to 58.6 in August, hits 3-month high

       "GST revenues during June quarter grew by more than 11 per cent. This translates into a tax:GDP ratio of more than 1.3," Malhotra said.

       Malhotra said GST collections have grown by more than nominal GDP and this is despite no increase in tax rates. This is because of better compliance and improved tax collection efficiency. Tax evasion and avoidance is low.

       


标签:经济
关键词: revenue     Malhotra     less evasion     India's     August     cent growth    
滚动新闻