Budget 2024: GST Collections Almost Double Of FY21 Levels
GST collections continue to rise steadily on strong economic growth
GST collections continue to rise steadily on strong economic growth
The GST Council, with a 75% majority vote requirement, assigns one-third voting power to the Centre and two-thirds to states, says Finance Minister Nirmala Sitharaman
Can use of high-frequency formal sector indicators – which don’t take into account informal sector – be the basis for upward revision of growth numbers by RBI.
This is the fourth time the gross GST collection has crossed the 1.60 lakh crore mark in the financial year 2023-24.
Growth in Indian digital transactions has been phenomenal thanks to the government, says Kamath
Of the total GST collection, 85% is expected to come from central GST (₹6,60,000 crore) and 15% (₹1,20,000 crore) from GST compensation cess.