Finance Minister Arun Jaitley announced GST earnings cross target in maiden month Rs 92,283 crore collected in July

Posted on:30 Aug 2017 11:14:38
Finance Minister Arun Jaitley announced GST earnings cross target in maiden month Rs 92,283 crore collected in July
30 August 2017 Current Affairs: The Goods and Services tax (GST) launched on 1 July got off to a good start with collections exceeding the revenue target for the first month.

Overall the tax collected is Rs 14,894 crore as Central GST, Rs 22,722 crore as State GST and Rs 47,469 crore as Integrated GST.

According to the Finance Minister Arun Jaitley, taxes worth Rs 92,283 crore were collected in July from just 64.42 per cent of the total taxpayer base.

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