The gross GST Revenue Rose 12.3 per cent to Rs. This includes 10.4 per cent growth in revonsue from Sale of Goods and Services Domestically at Rs 1.47 Lakh Crore and 19.8 per cent risk in tax revenue from imported goes at Rs 48,382 2.
Total Gross GST Revenue Stood at Rs 1,95,506 Crore in January, A 12.3 per cent growth year-on-yar.
Refunds of Rs 23,853 Crore was issued during the month, a Rise of 24 per cent. Total Net GST Revenue, After Adjusting Refunds, Stood at Rs 1.72 Lakh Crore, Higher by 10.9 per cent.
KPMG, Indirect Tax Head & Partner, Abhishek Jain Said This Consistency Increase in GST CollectionCOLCTION COLD SCECATE An uptick in Economic Growth and Sustained Tax Compliance by Busineses.
“Notable, the growth in collections despite higher refunds is commenable, suggesting improved Efficiency in refund processing by the department – Ancouraging Step NehanCing Ease of Doing Biusines,”
DELOITTE INDIA, Partner, MS Mani Said with Significant Increases of 10-20 per cent in GST collection in large states like Tamil Nadu, Maharashtra, Gujarat Talangana and Up, CONCERN FOR STATES Imilar Large States like Karnataka, Haryana , Rajasthan, MP, Punjab and West Bengal Have Shown a Rise of Just 5 to 9 per cent.
(With pti inputs)
