GST revenue collection for April 2024 highest ever at ₹2.1 lakh crore

May 1, 2024

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May 1, 2024 0 comment

May 01, 2024 12:54 PM IST

The Gross Goods and Services Tax (GST) collections surged to a record high of ₹2.10 lakh crore in April month.

Gross Goods and Services Tax (GST) collections surged to a record high of ₹2.10 lakh crore in the month of April. The GST collection has also registered a 12.4 per cent year-on-year growth.

2.10 lakh crore in April month. ” title=”The Gross Goods and Services Tax (GST) collections surged to a record high of ₹2.10 lakh crore in April month. “>

The Gross Goods and Services Tax (GST) collections surged to a record high of ₹2.10 lakh crore in April month.

According to a statement by the Ministry of Finance, the growth was propelled by a robust uptick in both domestic transactions, which rose by 13.4 per cent, and imports, witnessing an 8.3 per cent spike.

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The surge in recent GST collections reflects a positive trajectory for India’s economy, underscoring robust domestic consumption and buoyant import activity. The figures bode well for the country’s fiscal health and economic recovery efforts, signaling resilience amidst global uncertainties.

The Goods and Services Tax was introduced in the country with effect from July 1, 2017, and states were assured compensation for loss of any revenue arising on account of the implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for a period of five years. (ANI)

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The Gross Goods and Services Tax (GST) collections surged to a record high of ₹2.10 lakh crore in April month.

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Copyright 2024 - All Rights Reserved - Janashakti.News

GST revenue collection for April 2024 highest ever at ₹2.1 lakh crore

The Gross Goods and Services Tax (GST) collections surged to a record high of ₹2.10 lakh crore in April month.

Read more: Google layoffs: Ex-employees say company ‘scaring employees’ over Israel protest

Read more: Zerodha’s Nithin Kamath on what’s better- FD returns, stocks or this third option

Read more: Apple poaching AI experts from Sundar Pichai’s Google for ‘secret’ Zurich lab: Report

Zerodha’s Nithin Kamath on what’s better- FD returns, stocks or this third option

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