Goods and services tax (GST) collections rose 10.3% to Rs 1,64,882 crore during December, driven by domestic sources, while the rise in mop-up from imported goods lagged. Latest data released by the finance ministry pegged collections from domestic sources to have increased 13% in December (for transactions in November). While Central and State GST rose by around 14% each, integrated GST - levied on inter-state sales and imports - grew 7.4%, pulled down by imports. IGST on imports is estimated to have increased 3.2%, indicating that the value of shipments into the country remained muted during November.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i6eZXD4
via
0 Comments