India's GST collections jump 56% in June

Sat 02 Jul 2022, 12:20:04
India's Goods and Services Tax (GST) collections in June this year surged 56 percent year-on-year to around 1.45 lakh crore rupees.

The GST collections in June last year stood at 92,800 crore rupees.

Economic recovery and anti-evasion activities, especially action against fake billers, have contributed to the enhanced GST collections.

This is the fifth time the monthly GST collection

crossed 1.40 lakh crore rupees mark since the inception of GST and fourth month at a stretch since March 2022, Finance Ministry said.

The average monthly gross GST collection for the first quarter of the current fiscal has been 1.51 lakh crore rupees against the average monthly collection of 1.10 lakh crore rupees in the first quarter of the last financial year showing an increase of 37 percent.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Enter the code shown:

Can't read the image? click here to refresh

Todays Epaper

neerus indian ethnic wear
Latest Urdu News

Do you think Rishi Sunak can win the race to be the next UK prime minister?

Can't Say
aaddaily.com-Banner4 -->