
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.
These are the 2nd highest collections after the record set in April this year.
Mauritius last week got the ‘eligible country’ status from India. Investment entities from the island country can register with SEBI as category–1 FPIs with less stringent KYC requirements.
While equity markets continue to boom, economists warn about likely ‘subject-to’ consequences of the corporate tax cuts announced last Friday.
Ministry of Finance expects to make up the difference through reduced buyback of government securities, additional flows from small savings and the introduction of retail-inflation indexed bonds.