India's positive GST revenue collection trend has strengthened, despite the pandemic. The average monthly gross GST collection has increased from ₹0.90 lakh crore in FY18 to ₹1.49 lakh crore in FY23. As a result, buoyancy of indirect tax system has improved in the post-GST regime.
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Budget 2023: Monthly Gross GST Collection On The Rise
The average monthly gross GST collection has increased from ₹0.90 lakh crore in FY18 to ₹1.49 lakh crore in FY23.
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The Big Picture: Capex Push, Fiscal Prudence
The Central government stuck to the fiscal consolidation roadmap while announcing one of the biggest hikes in capital expenditure and increase in social spending in Budget 2023.
The Pros and Cons of Compounding
A company compounding its topline growth can be an encouraging sign for an investor that his firm is on a growth trajectory, though that doesn’t necessarily mean it is achieving growth profitably.
Budget 2023: Expenditure on govt schemes grows 4%
The expenditure on government schemes are expected to increase by 4.3% to ₹19.4 lakh crore in next fiscal FY24.
Budget 2023: Defence capital outlay enhanced
The government has proposed a budgetary allocation of ₹5.94 lakh crore for the defence ministry.
Infographics
The Big Picture: Capex Push, Fiscal Prudence
The Central government stuck to the fiscal consolidation roadmap while announcing one of the biggest hikes in capital expenditure and increase in social spending in Budget 2023.
The Pros and Cons of Compounding
A company compounding its topline growth can be an encouraging sign for an investor that his firm is on a growth trajectory, though that doesn’t necessarily mean it is achieving growth profitably.
Budget 2023: Expenditure on govt schemes grows 4%
The expenditure on government schemes are expected to increase by 4.3% to ₹19.4 lakh crore in next fiscal FY24.
Budget 2023: Defence capital outlay enhanced
The government has proposed a budgetary allocation of ₹5.94 lakh crore for the defence ministry.
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