New Delhi: The government received Rs 1.03 lakh crore as GST collection in April. It is an indication of the new indirect tax regime being stable since July 1 last year. In the entire financial year 2017-18, collection of goods and services tax (GST) was 7.41 lakh crores.
The total March GST collections may cross the over Rs 1 lakh crore till month-end, as payments are still being made by a section of taxpayers with late penalties, analysts feel.
GST collection crossed Rs 89,260 crores. Tax collection in FY-2017-18 crossed over the target, said Hashmukh Adhia Finance Secretary
Deputy Chief Minister Manish Sisodia today said that due to the implementation of GST, Delhi’s economy is on the path of growth despite the negative impact of demonetization and disruption.
The total GST collection will jump Rs 90,000 crore per month, a top official from Central Board of Excise and Customs (CBEC) said.
New Delhi: Due to the primary analysis of file returns in the GST network between July and December, there is a growing suspicion that traders have hidden tax liability of Rs 34,000 crore.