Business
GST Collection In September Likely To Be Around Rs 1.45 Lakh Crore
PTI
Sep 28, 2022, 02:45 PM | Updated 02:45 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Goods and Services Tax (GST) revenue mop-up in September is expected to be around Rs 1.45 lakh crore, an official said.
The collection has been over Rs 1.4 lakh crore since March and in August it was Rs 1.43 lakh crore.
''The collection in September is likely to be little more than Rs 1.45 lakh crore. Improved business activity is expected to yield better collections in coming months,'' the official said.
Official revenue figures will be released on October 1.
The mop-up in September last year was Rs 1.17 lakh crore.
The official further said as per estimates, the average yearly revenue from GST in 2022-23 is expected to be around Rs 1.55 lakh crore.
The collection in April was at a record high of Rs 1.68 lakh crore. In May, GST revenue was Rs 1.41 lakh crore, in June Rs 1.44 lakh crore, Rs 1.49 lakh crore(July) and Rs 1.43 lakh crore (August).
(This story has been published from a wire agency feed without any modifications to the text. Only the headline has been changed.)
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.