August GST collections up 11% to Rs 1.6 lakh crore

  • August 2023’s GST collection showed an 11% rise, reaching around Rs 1.60 lakh crore, according to Revenue Secretary Sanjay Malhotra. This translates into a tax: GDP ratio of more than 1.3.
  • Although there has been no increase in tax rates, GST collections have increased more than nominal GDP. Better compliance and more effective tax collection are responsible for this.
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