Move ahead: On GST and reform
Revenues from the Goods and Services Tax, which completes seven years at the end of this month, hit a record high of ₹2.1 lakh crore in April that typically sees higher inflows due to a year-end compliance rush. Although gross revenues from domestic transactions grew 15.3%, accelerating from a 13.4% rise a month earlier, revenues from goods imports dipped for the second time in three months. However, broader worries about GST revenues being underwhelming, voiced by the Union Finance Minister at a GST Council meeting in late 2021, have now receded. Meeting for the first time since last October, the Council may have much routine work on its plate, including clarifications related to, and reviews of, past decisions such as the 28% levy on online games and casinos.
Revenue of A.P. CGST Commissionerate doubles in 2024-25 compared to previous year
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