A insider watch of GST collection of "INDIA"

in #steemit5 years ago

gst-1498890074.jpg

A insider watch of GST collection.

  • Is it successful to increase the total tax collection?
  • Is it successful to increase the GDP of our country.

Gross GST revenue collected in the month of Oct'18 finally reached the INR 1 lakh crore mark.

The collections improved on the back of some improvement in compliance as total number of GSTR 3B returns filed for Sept-18 increased to 67.5 lakh, increased demand due to the festival season and possibly due to end of the year closing adjustments which prompted higher domestic as well as import payments. Moreover, as the festival season demand continues in the coming months, the collections are expected to rise going ahead in this fiscal. However, the collections would have to be much greater than INR 1 lakh crore in the coming months in order to make up for the revenue shortfall in the last five months.

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