Budget 2023: Higher Expectation From GST
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Of the total GST collection, 85% is expected to come from central GST (₹6,60,000 crore) and 15% (₹1,20,000 crore) from GST compensation cess.
Credits: Fortune India
The total indirect tax collections are estimated to be ₹13.30 lakh crore in FY23. Of this, the government has projected raising ₹7.8 lakh crore from GST alone. Of the total GST collection, 85% is expected to come from central GST (₹6,60,000 crore) and 15% (₹1,20,000 crore) from GST compensation cess.
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