GST collections surpassed Rs 2 lakh crore due to increased economic activity, benefiting the poor and states.
Finance Minister Nirmara Sitharaman announced that GST collections surpassed Rs 2 lakh crore due to heightened economic activity, showing improvement in economic activity and providing more revenue to states. Sitharaman also stated that GST has benefited the poor by reducing taxes on essential goods and empowered states with significant improvement in tax buoyancy, which reached 1.15 from 0.72 in the pre-GST era.
May 06, 2024
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