4 years of GST regime | Tax base has doubled, says Nirmala Sitharaman
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Union Finance Minister thanks taxpayers on the fourth anniversary of Goods and Services Tax
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Union Finance Minister thanks taxpayers on the fourth anniversary of Goods and Services Tax
With the Goods and Services Tax system completing four years, Finance Minister Nirmala Sitharaman has said most challenges in providing stability to the tax regime have been overcome, including the two waves of the unprecedented COVID-19 pandemic. “In the last four years, our tax base has almost doubled from 66.25 lakh to 1.28 crore. For eight in a row, GST revenues have cross Rs 1 lakh crore and we have seen record collection of Rs 1.41 lakh crore in April,” the minister said in a written message. “The enhanced revenue collection in recent months should be the ‘new normal’, she said.