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The release of fiscal deficit data for April-December 2023 comes a day before Finance Minister Nirmala Sitharaman tables the interim Budget for 2024-25 in Parliament.
Gst: Experts said the double-digit growth in collections reflected the underlying economic momentum and the monthly moderation was attributable to holidays and the base effect.
In December, the government settled Rs 40,057 crore to Central GST and Rs 33,652 crore to State GST from Integrated GST. As a result, the total revenue for the month post settlement was Rs 70,501 crore for the Centre and Rs 71,587 crore for State GST.
Budget 2024: In November, the total Goods and Services Tax collection amounted to Rs 1.68 lakh crore, the ninth month in a row that the monthly mop-up exceeded Rs 1.5 lakh crore
NK Singh emphasised the surging pace of urbanisation, projecting that by 2050, half of the population of India will reside in urban areas. He raised concerns about how this would escalate emissions.
GST Collections Showing Annual Upward Trend, Average Monthly Revenue at Rs 1.66 Lakh Cr So Far This Fiscal: FM Nirmala Sitharaman; GST collection crossed the Rs 1.50 lakh crore mark in every month of the current fiscal
Integrated GST — the taxes on interstate purchases of goods and services — stood at Rs 87,009 crore, including Rs 39,198 crore on imports. The Centre also got Rs 12, 274 crore in cess