My Weblog: kutahya web tasarim umraniye elektrikci uskudar elektrikci umraniye elektrikci istanbul elektrikci satis egitimi cekmekoy elektrikci uskudar kornis montaj umraniye kornis montaj atasehir elektrikci beykoz elektrikci

GST collections surpass Rs 1 lakh crore in October

GST collections surpass Rs 1 lakh crore in October

19

The collections pertaining to Goods and Services Tax in October have surpassed Rs 1 lakh crore mark, said Union Finance Minister Arun Jaitley.

Reports suggest that GST in September was Rs 94,442 crore.

GSTGST tax collections crossed Rs 1 lakh crore mark was reported for the first time in April and since then it has stayed above the Rs 90,000 crore level.

GST collections for October 2018 have crossed Rs 1 lakh crore. The success of GST is lower rates, lesser evasion, higher compliance, only one tax and negligible interference by taxation authorities,” said the minister.

Jaitley revealed that the Finance Ministry had targeted monthly GST collections to reach Rs 1 lakh crore for this fiscal.

While the collections were reported at Rs 94,016 crore in May, it inflated to Rs 95,610 crore in June.

It then gradually inflated to Rs 96,483 crore in July, Rs 93,960 crore in August and reached Rs 94,442 crore in September.

Get a chance to meet the Who's who of the BFSI industry. Join Us for 5th NBFC100 Tech Summit, Mumbai and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.

Subscribe Newsletter