New Delhi: Goods and services tax (GST) collection stayed over the Rs 1 lakh crore mark for April despite a slowdown in auto, consumer product and durables sales.
Latest data released by the finance ministry on Saturday showed that gross collections for April were estimated at Rs 1,00,289 crore, 6.7% higher than the Rs 94,016 crore mopped up a year ago.
The latest realisation was, however, 12% lower than previous month as companies rushed to meet the sales target at the end of the financial year. GST revenue for the month of April is reflected as collections in May in government accounts.
“The normal continuing trend of collections above Rs 1 lakh crore signifies the growth story of GST and also the reaping benefits of this new tax era. While last two months had witnessed higher growth on
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