GST has reduced compliance burden on trade and industry

  • 01 Feb 2024
  • Team Edukating
  • 1401

Tax base of GST has more than doubled and average monthly gross GST collection has almost doubled to Rs. 1.66 lakh crores this year

States too have benefited, states' SGST revenue including compensation released to them in post GST period has achieved buoyancy of 1.22

Biggest beneficiaries are consumers due to reduction in logistics costs and reduced prices of most goods and services

Source : https://twitter.com/PIB_India/status/1752946812921712960?t=DskHYWbY2xO13j0-VbGRLw&s=08

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