Centre says revenue growth picking up despite rate rationalisation measures
- Goods and Services Tax collections in March 2019 hit Rs.1.06 lakh crore, the highest in the history of the tax in India, and the fourth time monthly collections have crossed Rs.1 lakh crore this year, according to an official data release.
- The government said the March 2019 revenue was 15.6% higher than a year earlier.
- The monthly average of GST revenue during 2018-19 is ₹98,114 crore which is 9.2% higher than [the average for] FY 2017-18.
- These figures indicate that the revenue growth has been picking up in recent months, despite various rate rationalisation measures.
Comments (0)