Delhi/Hyderabad, Sept. 1 (Hydnow): Even as the goods and services tax collections figures for August 2023 are to be released on Friday, the Centre has said that GST revenues for the month have shown 11 percent growth over August 2022.
Revenue Secretary Sanjay Malhotra told reporters in Gurugram on the sidelines of an event, that GST revenues for August 2023 have shown a growth of 11 percent year-on-year due to increased compliance and less evasion. The GST collections were Rs. 1,43,612 crore in August 2022. “Roughly numbers are in the range of 11 percent year-on-year growth as in earlier months.
“GST revenues during the June quarter grew by more than 11 percent. This translates into a tax-GDP ratio of more than 1.3. Malhotra said GSt collections have grown by more than nominal GDP and this is despite no increase in tax rates. (Hydnow)
Next Story :
Manipur Chief Minister N Biren Singh on Saturday announced that the internet ban will be lifted in the state from today. The state government had imposed a ban on internet services in some districts of the strife-torn state after the ethnic clashes first erupted on May 3.
Hyderabad, Sept 23 (Hydnow): The sincerity of Congress MPs, especially those from Telangana, towards the Women’s Reservation Bill has come under a cloud with three of the party’s top leaders from the State abstaining from voting on the Bill.
Prime Minister Narendra Modi laid the foundation stone of an international cricket stadium in his parliamentary constituency Varanasi on Saturday.
BSP State President R S Praveen Kumar has expressed deep grief over the cancellation of the TSPSC Group 1 Prelims exam. The reason for the cancellation of Group 1 Prelims for the second time is because of Chief Minister K. Chandrasekhar Rao’s tyrannical family rule.