{"id":108738,"date":"2023-09-01T13:58:48","date_gmt":"2023-09-01T08:28:48","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108738"},"modified":"2023-09-01T13:58:49","modified_gmt":"2023-09-01T08:28:49","slug":"in-august-gst-revenue-rose-11-per-cent-to-over-rs-1-6-lakh-crore-revenue-secretary","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/in-august-gst-revenue-rose-11-per-cent-to-over-rs-1-6-lakh-crore-revenue-secretary\/","title":{"rendered":"In August, GST revenue rose 11 per cent to over Rs 1.6 lakh crore: Revenue secretary"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3470442889\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Friday Revenue Secretary Sanjay Malhotra said that the GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1128974695\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022.<\/p><p>&#8220;Roughly numbers are in the range of 11 per cent year-on-year growth as in earlier months,&#8221; Malhotra told reporters.<\/p><p>An 11 per cent growth roughly translates to around Rs 1.60 lakh crore.<\/p><div class=\"trade-content_5\" id=\"trade-1702714106\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>He was replying to a question on the expected GST revenue numbers for August, the data for which will be released later on Friday.<\/p><p>Malhotra said GDP growth was 7.8 per cent in the June quarter and nominally it has grown 8 per cent.<\/p><p>&#8220;GST revenues during June quarter grew by more than 11 per cent. This translates into a tax:GDP ratio of more than 1.3,&#8221; Malhotra said.<\/p><p>Malhotra said GST collections have grown by more than nominal GDP and this is despite no increase in tax rates. This is because of better compliance and improved tax collection efficiency. Tax evasion and avoidance is low.<\/p><div class=\"trade-after-content\" id=\"trade-2372668950\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Friday Revenue Secretary Sanjay Malhotra said that the GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion. The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022. &#8220;Roughly numbers are in the range of 11 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-108738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In August, GST revenue rose 11 per cent to over Rs 1.6 lakh crore: Revenue secretary - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Friday Revenue Secretary Sanjay Malhotra said that the GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/in-august-gst-revenue-rose-11-per-cent-to-over-rs-1-6-lakh-crore-revenue-secretary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In August, GST revenue rose 11 per cent to over Rs 1.6 lakh crore: Revenue secretary\" \/>\n<meta property=\"og:description\" content=\"On Friday Revenue Secretary Sanjay Malhotra said that the GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/in-august-gst-revenue-rose-11-per-cent-to-over-rs-1-6-lakh-crore-revenue-secretary\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-01T08:28:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-01T08:28:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/GST-1-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/in-august-gst-revenue-rose-11-per-cent-to-over-rs-1-6-lakh-crore-revenue-secretary\/\",\"url\":\"https:\/\/tradebrains.in\/features\/in-august-gst-revenue-rose-11-per-cent-to-over-rs-1-6-lakh-crore-revenue-secretary\/\",\"name\":\"In August, GST revenue rose 11 per cent to over Rs 1.6 lakh crore: Revenue secretary - 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