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GST REACHED 7.02 TRILLION FROM 8 MONTHS – SAID RAJYA SABHA FM

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GST REACHED 7.02 TRILLION FROM 8 MONTHS – SAID RAJYA SABHA FM

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From April to December 7, the center’s net tax profit was Rs 7.39 trillion, Finance Minister Pankaj Choudhary told Rajya Sabha on Dec 15. This includes Rs 3.63 trillion in corporate income, Rs 3.61 trillion in personal income tax and Rs 15,375 in other income taxes including business tax (STT).

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In a written response, security officials said the total network tax and 21-year budget, affected by the lockout, amounted to Rs 45 billion. Revenue in the year before the disease (FY20) was Rs 10.51 billion. At FY19, the clearing is 11.38 billion rupees. In the nearly four months leading up to the end of the fiscal year, stocks up to December 7 represented almost 80 percent of the FY21 full-year total and 70 percent of the FY20 . therefore indicating the motivation for recovery. Budget officials are convinced that the objective of the budget is to collect tax net worth (Rs 15.45 trillion) which will exceed Rs 15.45 trillion. Gross personal income and taxes (GST) for November stood at Rs 1.32 trillion, the second highest not only this year, but since the beginning of the state tax. According to further feedback from the Ministry of Finance of Rajya Sabha, the GST total for April-November reached Rs 7.02 trillion, against Rs 8.66 trillion for the entire FY21 and Rs 9.44 trillion for the FY20.

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