11 Percent Growth Predicted In August GST Revenue
Delhi/Hyderabad, Sept. 1 (Maxim News) 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. (Maxim News)
Next Story :
-
PM Modi To Participate In YUGM Conclave Today
![PM Modi To Participate In YUGM Conclave Today]()
Prime Minister Narendra Modi will participate in YUGM Conclave on 29th April, at around 11 AM, at Bharat Mandapam, New Delhi. He will also address the gathering on the occasion.
-
BRS Silver Jubilee Meeting Was A Flop Show: Shabbir Ali
![BRS Silver Jubilee Meeting Was A Flop Show: Shabbir Ali]()
Telangana Government Advisor Mohammed Ali Shabbir on Monday dismissed the BRS Silver Jubilee meeting held in Warangal as a complete “flop show,” likening it to a badly made film with a terrible script and an even worse actor.
-
Uttam Kumar Reddy Dismisses KCR’s Criticism Of Congress Govt
![Uttam Kumar Reddy Dismisses KCR’s Criticism Of Congress Govt]()
Irrigation Minister Uttam Kumar Reddy on Monday said that the Congress government was working sincerely and tirelessly to serve the people of Telangana, while former Chief Minister K. Chandrashekhar Rao was trying to mislead the people after ruining the state during his 10 years of rule.
-
Revanth Reddy Makes Comments On Congress Schemes
![Revanth Reddy Makes Comments On Congress Schemes]()
Chief Minister Revanth Reddy made interesting comments. He said that the schemes brought by the Congress government are not being implemented in any state and that there will definitely be a discussion on these within the next six months.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
