Gadkari urges FM to withdraw 18% GST on life, medical insurance premiums
Gadkari argues that levying GST on life insurance premiums is akin to levying tax on life's uncertainties and that this tax hinders the insurance sector's growth.
Gadkari argues that levying GST on life insurance premiums is akin to levying tax on life's uncertainties and that this tax hinders the insurance sector's growth.
Yearly gross revenue ₹20.14 lakh crore, which is a growth of 11.7%
As of February 2024, the total gross GST collection for the current fiscal stands at ₹18.40 lakh crore, up 11.7% for the same period in FY23.
The gross GST revenue collected in November 2023 is ₹1,67,929 crore out of which CGST is ₹30,420 crore, SGST is ₹38,226 crore and IGST is ₹87,009 crore.
The gross GST revenue collected in the month of April, 2023 stood at ₹1,87,035 crore.
On a month-on-month basis, Feb collection declines; Centre says Feb being a 28-day month saw a relatively lower revenue collection