What's New :
IAS Foundation (Prelims + Mains) 2025-26. Batch Starts: 13th December. Get Details
Samarth - Answer Writing Skill Development Program. Get Details

Tax transitions

  • Published
    6th Mar, 2023

Context:

  • Recently, about Rs 1.5 lakh crore of gross Goods and Services Tax (GST) collections were informed in February 2023, which highlighted the 12th successive month that GST revenues have stayed over Rs 1.4 lakh crore.

GST collections:

  • Average Quarterly revenues: The average monthly GST collections in the first 11 months of 2022-23 now stand at ?1,49,776 crore, 21.5% higher than the average monthly kitty of little over ?1.23 lakh crore through 2021-22.
  • Highest and lowest revenue: The month of April (with the highest monthly revenues of over ?1.67 lakh crore), and October and January 2023 (whose collections were upgraded to over ?1.57 lakh crore).
  • Positive policy effects: This lends shows the government’s assertion in January that policy changes introduced over the past year have improved compliance with more taxpayers filing returns.
You must be logged in to get greater insights.
GS Mains Classes GS Classes 2024 GS Classes 2024 GS Classes 2024 UPSC Study Material

Verifying, please be patient.

Our Centers

DELHI (Karol Bagh)

GS SCORE, 1B, Second Floor, Pusa Road, Karol Bagh, New Delhi - 110005 (Beside Karol Bagh Metro Station Gate No. 8)

Get directions on Google Maps

BHUBANESWAR (Jaydev Vihar)

GS SCORE, Plot No.2298, Jaydev Vihar Square, Near HCG Day Care, BBSR - 751013

Get directions on Google Maps

LUCKNOW (Aliganj)

GS SCORE, 2nd Floor, B-33, Sangam Chauraha, Sector H, Aliganj, Lucknow, UP - 226024

Get directions on Google Maps

Enquire Now