Since March, the collection has been over Rs.1.4 lakh crore and in August it was Rs.1.43 lakh crore. The official revenue figures will be released on October 1. 1.45 lakh crore GST collection in the month of September.
Weeks after Revenue Secretary Tarun Bajaj claimed the Goods and Services Tax revenue to cross Rs.1.5 lakh crore mark in October, another government official said the SGT revenue mop-up in September is expected to be around Rs.1.45 lakh crore. 1.45 lakh crore GST collection in the month of September.
Since March, the collection has been over Rs.1.4 lakh crore and in August it was Rs.1.43 lakh crore. “The collection in September is likely to be little more than Rs.1.45 lakh crore. Improved business activity is expected to yield better collections in coming months,” news agency PTI quoted the official as saying.
The official revenue figures will be released on October 1. Earlier in 2021, the mop-up in September was Rs.1.17 lakh crore.As per estimates, the average yearly revenue from GST in 2022-23 is expected to be around Rs.1.55 lakh crore, the official said.
On 14 September, Bajaj while addressing a Central Board of Indirect Taxes & Customs function had said, “”For the last couple of months, we’ve been trying very hard to reach that milestone of Rs.1.5 trillion (lakh crore). But we have been failing a bit sometimes by Rs.2,000 crore and sometimes by even Rs.6,000 crore.”
“The revenue that we will collect in October, the data of which will come on November 1, I am sure from that month onwards the CBIC on a regular basis shall deliver Rs.1.5 trillion revenue for the government,” the Union secretary said.
Also Read: This is a good time to buy jewellery, Gold rate is stable today
Also Read: Hurricane Ian storm surge in Florida
The collection in April was at a record high of Rs,1.68 lakh crore. In May, GST revenue was Rs.1.41 lakh crore, in June Rs.1.44 lakh crore, Rs.1.49 lakh crore (July) and Rs.1.43 lakh crore (August).
Comments are closed.