 "GST collections rise to Rs 956 bn in June, to reach 1 trn: Hasmukh Adhia")
GST revenue mop-up rose to Rs 956.1 billion in the month of June, as against Rs 940.16 billion in the previous month, Finance Secretary Hasmukh Adhia said on Sunday.
In April 2018, the collections from Goods and Services Tax (GST) were over Rs 1 trillion.
It's (Rs 1 trillion) not the norm still. We hope to bring it (GST revenue) to the level of Rs 1 trilllion (every month), Adhia said while addressing the GST-Day celebrations here.
He said the average monthly collection in the previous fiscal has been Rs 898.85 billion.
Adhia also said if bogus bills are not issued, then revenues would improve further in the coming months.
Adhia also acknowledged the efforts of stakeholders, officers and businesses in making GST, which was rolled out on July 1 last year, a success.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app