, GST ? || Record GST Collections ||
Goods and services tax (GST) collections by the Centre and states exceeded the 1 trillion mark for the fifth straight month in February, aided by an aggressive drive to improve compliance and recovery in economic activities.
The sustained rise in GST collections, staging a recovery after a steep drop in April when India was in a national lockdown, offers relief to policymakers seeking to bridge a massive revenue shortfall.
Data released by the finance ministry showed GST collections rose 7% to 1.13 trillion in February from a year ago after record collections in January. After the settlement of revenue from inter-state transactions, the Centre received 67,490 crore and states received 68,807 crore in the month. February receipts refer to sales made in January.
https://www.livemint.com/news/india/gst-collections-top-rs-1-trillion-for-fifth-time-in-a-row-in-feb-11614601926000.html
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, GST ? || Record GST Collections || Goods and services tax (GST) collections by the Centre and states exceeded the 1 trillion mark for the fifth straight month in February, aided by an aggressive drive to improve compliance and recovery in economic activities. The sustained rise in GST collections, staging a recovery after a steep drop in April when India was in a national lockdown, offers relief to policymakers seeking to bridge a massive revenue shortfall. Data released by the finance ministry showed GST collections rose 7% to 1.13 trillion in February from a year ago after record collections in January. After the settlement of revenue from inter-state transactions, the Centre received 67,490 crore and states received 68,807 crore in the month. February receipts refer to sales made in January. https://www.livemint.com/news/india/gst-collections-top-rs-1-trillion-for-fifth-time-in-a-row-in-feb-11614601926000.html