Question
What was the growth rate of the Goods and Services Tax
(GST) collection in August 2023?Solution
The Goods and Services Tax (GST) collection in August grew by 11 percent to Rs 1.59 trillion annually. The growth is attributed to increased compliance and anti-evasion measures. In August 2022, the collection was Rs 1.43 trillion. Major states such as Uttar Pradesh, Maharashtra, Gujarat, and Tamil Nadu reported double-digit annual growth rates in GST collection.
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