Tax experts hailed the record-breaking GST collection of Rs 2.10 lakh crore in April, attributing it to a robust economy and effective audit and scrutiny by the tax department. They anticipate this achievement to pave the way for further tax reforms after the formation of the new government. The surge in collection is seen as a result of higher self-compliance, better enforcement measures, and increased consumer spending on items like air conditioners and beverages to combat the summer heat.
GST revenues at all-time high of Rs 1.68 lakh cr in April : Rashtra News #GST #revenues #alltime #high #lakh #April HighlightsThe increase is mainly because of improved compliance and recovery in business activity During the month, 1.06 crore GST returns from GSTR-3B were filed Revenues from import of goods were 30 per cent higher
At this pace, the mop-up is likely to be around Rs 19 lakh crore in the fiscal ending on March 31, 2024, exceeding the estimate of Rs 18.23 lakh crore in the 2023-24 Budget.
Tax collection on course to grow three times to over Rs 19 lakh crore in 10 years of Modi govt orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
Direct tax collection on course to grow 3 times nagalandpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nagalandpost.com Daily Mail and Mail on Sunday newspapers.