GST Collection: A good news has come today on Friday regarding GST collection, there has been a big jump in GST collection in the month of August, an increase of 11 percent has been recorded in the collection, according to Revenue Secretary Sanjay Malhotra, India’s GST collection in August. Rs 1.60 lakh crore, which is 11 percent more than last year.
11% growth in GST collection
Revenue Secretary Sanjay Malhotra gave information about the annual Goods and Services Tax collection (GST Collection) on Friday. He said that the Central Government has got a lot of benefit in the field of tax in August, there has been a big jump in the GST collection in August 2023, this time also the GST collection has been excellent, he said that last month GST The collection was Rs 1,43,612 crore, which increased to Rs 1.60 lakh crore this month, an increase of 11 percent on annual basis.
Economic growth rate was 7.8 percent
Giving information, Revenue Secretary Sanjay Malhotra said that the economic growth rate (GDP) in the April-June quarter was 7.8 percent, GST revenue has increased by more than 11 percent in the June quarter, which means that the tax-GDP ratio is more than 1.3. .
GST Reward Scheme launched
Sanjay Malhotra said that on Friday the GST reward scheme “Mera Bill, Mera Adhikar” was launched in six states and union territories. The central and state governments have earmarked a corpus of Rs 30 crore for the prize money in the current financial year. Sanjay Malhotra said, ‘GST has benefited citizens, customers and governments. “Revenue is increasing every month and the Center and states have come together to ensure that tax rates under GST are low.”
