At over Rs 1.8 lakh crore, GST mop-up 3rd highest

Quick Summary:

Barring the top two grossers (April 2023 and April 2024), when collections soar due to year-end sales in March, the collections in July 2024 (for transactions in the previous month) are the highest.

The numbers also indicate that the slowdown in June was on account of the countrywide heatwave that impacted economic activity.

This should enable govt and GST Council to start working towards rate rationalisation," said Pratik Jain, partner at PwC India.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: India

Topics: Goods and services tax Imports July collection Business news GST collections Revenue growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 09:00:26 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21892723

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