Government mops up Rs 92,283 crore in first month of GST
Authored By Wion Web Desk
Published: Aug 29, 2017, 22:41 IST | Updated: Aug 29, 2017, 22:41 IST
Arun Jaitley
Story highlights
The revenue figures came from just 64.42% of the total tax payer base
The government has managed to mop-up a revenue of Rs 92,283 crore in the first month of the Goods and Services Tax which came into effect from July 1 this year.
The revenue figures came from just 64.42 per cent of the total taxpayer base.
"The 64.42 per cent taxpayers have paid Rs 92,283 crore in taxes for July," finance minister Arun Jaitley said.
The implementation of the Goods and Services tax, which replaced most of the indirect taxes, is one of the biggest tax reforms in the country.
The GST regime is expected to usher in more compliance by taxpayers and increase the economic growth rate of the country.