
GST revenue scales to all-time high of ₹1.68 lakh cr in April
April GST collection is 18% more than the previous record of ₹1,42,095 crore in March, as per finance ministry data.
April GST collection is 18% more than the previous record of ₹1,42,095 crore in March, as per finance ministry data.
The gross GST collection in March is all-time high, breaching earlier record of ₹1,40,986 crore collected in the month of January 2022.
A study shows that essential medicines and life-saving drugs account for a major proportion of embedded taxes for hospitals.
The total quantum of tax evasion detected was ₹81.54 crore.
Garg maintains that due to the compromises the promise of the GST has not been utilised fully resulting in current revenues at 11–11.5%.
The GST Council is expected to meet later this month and it will consider a report from the Group of Ministers (GoM) on GST slab rationalisation.
Experts opine that GST collections over ₹1,30,000 crore despite the third wave indicate that the compliance measures are making an impact.
In a post-budget interaction with CII, Bajaj also listed GST and personal income tax as areas on which work is in progress.
Calling the plea as 'misconceived', the apex court enhanced the fine imposed by the High Court against Telangana state's GST officer.
Against the Finance Commission awards, Centre collects cess and surcharge but devolves less to states as share in fiscal resources.