{"id":6731,"date":"2023-12-04T10:45:11","date_gmt":"2023-12-04T10:45:11","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=6731"},"modified":"2023-12-04T10:45:11","modified_gmt":"2023-12-04T10:45:11","slug":"average-monthly-gst-mop-up-at-%e2%82%b91-66-lac-cr-so-far-this-fiscal-sitharaman","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/average-monthly-gst-mop-up-at-%e2%82%b91-66-lac-cr-so-far-this-fiscal-sitharaman\/","title":{"rendered":"Average Monthly GST Mop-Up At \u20b91.66 Lac Cr So Far This Fiscal: Sitharaman"},"content":{"rendered":"

NEW DELHI, Dec 4: Since\u00a0<\/span><\/span>the\u00a0<\/span>Goods\u00a0<\/span>and\u00a0<\/span>Services\u00a0<\/span>Tax\u00a0<\/span><\/a>(GST)\u00a0<\/span><\/span>was\u00a0<\/span>implemented\u00a0<\/span><\/span>on\u00a0<\/span><\/span>July\u00a0<\/span>1,\u00a0<\/span>2017,\u00a0<\/span><\/span>annual\u00a0<\/span>revenue\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>increasing.\u00a0<\/span><\/span>As\u00a0<\/span><\/span>of\u00a0<\/span><\/span>December\u00a0<\/span>4\u00a0<\/span><\/span>(Monday),\u00a0<\/span><\/span>Finance\u00a0<\/span>Minister\u00a0<\/span>Nirmala\u00a0<\/span>Sitharaman\u00a0<\/span><\/span><\/a>stated\u00a0<\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>average\u00a0<\/span><\/span>gross\u00a0<\/span><\/span>monthly\u00a0<\/span><\/span>mop-up\u00a0<\/span><\/span>for\u00a0<\/span><\/span>the\u00a0<\/span>current\u00a0<\/span>fiscal\u00a0<\/span>year\u00a0<\/span><\/span>is\u00a0<\/span><\/span>\u20b91.66\u00a0<\/span><\/span>lakh\u00a0<\/span><\/span>crore.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>response\u00a0<\/span><\/span>to\u00a0<\/span>a\u00a0<\/span><\/span>written\u00a0<\/span><\/span>question\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>Lok\u00a0<\/span><\/a>Sabha,<\/a>\u00a0<\/span><\/span>she\u00a0<\/span><\/span>stated\u00a0<\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>GST<\/a>\u00a0<\/span>collection\u00a0<\/span><\/span>reached\u00a0<\/span><\/span>a\u00a0<\/span>record\u00a0<\/span><\/span>high\u00a0<\/span><\/span>of\u00a0<\/span><\/span>\u20b91.87\u00a0<\/span><\/span>lakh\u00a0<\/span><\/span>crore\u00a0<\/span><\/span>in\u00a0<\/span><\/span>April\u00a0<\/span>2023\u00a0<\/span><\/span>and\u00a0<\/span><\/span>has\u00a0<\/span>exceeded\u00a0<\/span><\/span>the\u00a0<\/span><\/span>\u20b91.5\u00a0<\/span>lakh\u00a0<\/span><\/span>crore\u00a0<\/span><\/span>level\u00a0<\/span>in\u00a0<\/span><\/span>each\u00a0<\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>current\u00a0<\/span><\/span>fiscal\u00a0<\/span><\/span>month.<\/span><\/span><\/span><\/span><\/span><\/span>Since\u00a0<\/span><\/span>the\u00a0<\/span>establishment\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>Goods\u00a0<\/span>and\u00a0<\/span>Services\u00a0<\/span>Tax\u00a0<\/span>(GST)\u00a0<\/span><\/span>on\u00a0<\/span><\/span>July\u00a0<\/span>1st,\u00a0<\/span>2017,\u00a0<\/span><\/span>there\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>an\u00a0<\/span>annual\u00a0<\/span><\/span>pattern\u00a0<\/span><\/span>of\u00a0<\/span>increasing\u00a0<\/span><\/span>GST\u00a0<\/span>collection.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span>to\u00a0<\/span><\/span>Ms.\u00a0<\/span><\/span>Sitharaman,\u00a0<\/span><\/span>the\u00a0<\/span>average\u00a0<\/span><\/span>gross\u00a0<\/span><\/span>monthly\u00a0<\/span><\/span>GST\u00a0<\/span>collection\u00a0<\/span><\/span>in\u00a0<\/span><\/span>FY\u00a0<\/span><\/span>2023\u201324\u00a0<\/span><\/span>is\u00a0<\/span>currently\u00a0<\/span><\/span>\u20b91.66\u00a0<\/span><\/span>lakh\u00a0<\/span><\/span>crore,\u00a0<\/span><\/span>which\u00a0<\/span>is\u00a0<\/span><\/span>11%\u00a0<\/span><\/span>greater\u00a0<\/span>than\u00a0<\/span><\/span>it\u00a0<\/span>was\u00a0<\/span><\/span>during\u00a0<\/span><\/span>the\u00a0<\/span>same\u00a0<\/span><\/span>period\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>previous\u00a0<\/span>fiscal\u00a0<\/span>year.<\/span><\/span><\/span> <\/span><\/span><\/span>Compared\u00a0<\/span>to\u00a0<\/span><\/span>\u20b91.23\u00a0<\/span><\/span>lakh\u00a0<\/span><\/span>crore\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2021\u201322,\u00a0<\/span><\/span>the\u00a0<\/span>average\u00a0<\/span><\/span>monthly\u00a0<\/span><\/span>GST\u00a0<\/span>collection\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2022\u20132023\u00a0<\/span><\/span>was\u00a0<\/span><\/span>over\u00a0<\/span><\/span>\u20b91.5\u00a0<\/span>lakh\u00a0<\/span><\/span>crore.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>average\u00a0<\/span><\/span>monthly\u00a0<\/span><\/span>mop-up\u00a0<\/span><\/span>during\u00a0<\/span><\/span>2020\u201321\u00a0<\/span><\/span>was\u00a0<\/span><\/span>\u20b994,734\u00a0<\/span><\/span>crore.<\/span><\/span><\/span><\/span><\/span><\/span>Minister\u00a0<\/span><\/span>of\u00a0<\/span><\/span>State\u00a0<\/span><\/span>for\u00a0<\/span><\/span>Finance\u00a0<\/span><\/span>Pankaj\u00a0<\/span><\/span>Chaudhary\u00a0<\/span><\/span>responded\u00a0<\/span><\/span>to\u00a0<\/span>a\u00a0<\/span><\/span>different\u00a0<\/span><\/span>inquiry\u00a0<\/span><\/span>by\u00a0<\/span><\/span>stating\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>average\u00a0<\/span><\/span>monthly\u00a0<\/span><\/span>gross\u00a0<\/span><\/span>GST\u00a0<\/span>collection\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2021\u20132022\u00a0<\/span><\/span>and\u00a0<\/span><\/span>2022\u20132023\u00a0<\/span><\/span>had\u00a0<\/span>increased\u00a0<\/span><\/span>by\u00a0<\/span><\/span>22%\u00a0<\/span><\/span>and\u00a0<\/span><\/span>30%,\u00a0<\/span>respectively,\u00a0<\/span><\/span>year\u00a0<\/span>over\u00a0<\/span>year.<\/span><\/span><\/span> <\/span><\/span><\/span>“GST\u00a0<\/span><\/span>is\u00a0<\/span>paid\u00a0<\/span><\/span>on\u00a0<\/span><\/span>a\u00a0<\/span>self-assessment\u00a0<\/span><\/span>basis,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>tax\u00a0<\/span>administration\u00a0<\/span><\/span>at\u00a0<\/span><\/span>the\u00a0<\/span>federal\u00a0<\/span>and\u00a0<\/span>state\u00a0<\/span>levels\u00a0<\/span><\/span>has\u00a0<\/span><\/span>the\u00a0<\/span>authority\u00a0<\/span><\/span>to\u00a0<\/span>pursue\u00a0<\/span><\/span>cases\u00a0<\/span><\/span>involving\u00a0<\/span><\/span>underpayment\u00a0<\/span><\/span>or\u00a0<\/span><\/span>nonpayment\u00a0<\/span><\/span>of\u00a0<\/span><\/span>GST.<\/span><\/span><\/span> <\/span><\/span><\/span>Finding\u00a0<\/span><\/span>these\u00a0<\/span>instances\u00a0<\/span><\/span>and\u00a0<\/span><\/span>recovering\u00a0<\/span><\/span>underpaid\u00a0<\/span><\/span>or\u00a0<\/span><\/span>unpaid\u00a0<\/span>taxes\u00a0<\/span><\/span>is\u00a0<\/span>an\u00a0<\/span><\/span>ongoing\u00a0<\/span><\/span>task,\u00a0<\/span><\/span>according\u00a0<\/span>to\u00a0<\/span><\/span>Mr.\u00a0<\/span><\/span>Chaudhary.<\/span><\/span><\/span><\/span><\/span><\/span>According\u00a0<\/span>to\u00a0<\/span><\/span>him,\u00a0<\/span><\/span>the\u00a0<\/span>government\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>implementing\u00a0<\/span><\/span>various\u00a0<\/span><\/span>GST\u00a0<\/span><\/span>changes\u00a0<\/span>based\u00a0<\/span><\/span>on\u00a0<\/span><\/span>the\u00a0<\/span>GST\u00a0<\/span><\/span>Council’s\u00a0<\/span><\/span>recommendations,\u00a0<\/span><\/span>which\u00a0<\/span><\/span>are\u00a0<\/span>expected\u00a0<\/span>to\u00a0<\/span>enhance\u00a0<\/span><\/span>GST\u00a0<\/span>compliance\u00a0<\/span><\/span>and\u00a0<\/span><\/span>boost\u00a0<\/span><\/span>GST\u00a0<\/span>collection.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>measures\u00a0<\/span><\/span>to\u00a0<\/span>improve\u00a0<\/span><\/span>tax\u00a0<\/span>compliance\u00a0<\/span><\/span>include\u00a0<\/span>requiring\u00a0<\/span><\/span>e-way\u00a0<\/span><\/span>bills,\u00a0<\/span><\/span>ITC\u00a0<\/span><\/span>matching,\u00a0<\/span><\/span>e-invoices,\u00a0<\/span><\/span>deploying\u00a0<\/span><\/span>artificial\u00a0<\/span>intelligence\u00a0<\/span><\/span>and\u00a0<\/span><\/span>machine-based\u00a0<\/span><\/span>analytics,\u00a0<\/span><\/span>requiring\u00a0<\/span><\/span>Aadhaar\u00a0<\/span>authentication\u00a0<\/span><\/span>for\u00a0<\/span><\/span>registration,\u00a0<\/span><\/span>calibrating\u00a0<\/span><\/span>action\u00a0<\/span><\/span>on\u00a0<\/span><\/span>non-filers,\u00a0<\/span><\/span>stopping\u00a0<\/span><\/span>filers,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>so\u00a0<\/span>on.\u00a0<\/span><\/span>Structural\u00a0<\/span>changes\u00a0<\/span><\/span>include\u00a0<\/span>adjusting\u00a0<\/span><\/span>GST\u00a0<\/span>rates\u00a0<\/span><\/span>to\u00a0<\/span>correct\u00a0<\/span><\/span>the\u00a0<\/span><\/span>inverted\u00a0<\/span><\/span>duty\u00a0<\/span><\/span>structure\u00a0<\/span><\/span>and\u00a0<\/span><\/span>pruning\u00a0<\/span><\/span>exemptions.<\/span><\/span><\/span><\/span><\/span><\/span>In\u00a0<\/span>order\u00a0<\/span><\/span>to\u00a0<\/span>prosecute\u00a0<\/span><\/span>tax\u00a0<\/span>evaders,\u00a0<\/span><\/span>Central\u00a0<\/span><\/span>and\u00a0<\/span><\/span>State\u00a0<\/span><\/span>tax\u00a0<\/span>authorities\u00a0<\/span><\/span>are\u00a0<\/span>also\u00a0<\/span>provided\u00a0<\/span><\/span>with\u00a0<\/span><\/span>red\u00a0<\/span>flag\u00a0<\/span><\/span>reports\u00a0<\/span><\/span>generated\u00a0<\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>system\u00a0<\/span><\/span>and\u00a0<\/span><\/span>system-based\u00a0<\/span><\/span>analytical\u00a0<\/span>tools.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>response\u00a0<\/span><\/span>to\u00a0<\/span>a\u00a0<\/span><\/span>different\u00a0<\/span><\/span>query,\u00a0<\/span><\/span>Mr.\u00a0<\/span><\/span>Chaudhary\u00a0<\/span><\/span>stated\u00a0<\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>State\u00a0<\/span><\/span>Benches\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>GST\u00a0<\/span><\/span>Appellate\u00a0<\/span>Tribunal\u00a0<\/span><\/span>were\u00a0<\/span>established\u00a0<\/span><\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>Central\u00a0<\/span>government\u00a0<\/span><\/span>on\u00a0<\/span><\/span>the\u00a0<\/span>advice\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>GST\u00a0<\/span>Council.<\/span><\/span><\/span> <\/span><\/span><\/span>Mr.\u00a0<\/span><\/span>Chaudhary\u00a0<\/span><\/span>provided\u00a0<\/span><\/span>information\u00a0<\/span>on\u00a0<\/span><\/span>the\u00a0<\/span>quantity\u00a0<\/span><\/span>of\u00a0<\/span><\/span>appeals\u00a0<\/span><\/span>that\u00a0<\/span><\/span>remain\u00a0<\/span><\/span>pending\u00a0<\/span><\/span>concerning\u00a0<\/span><\/span>tax\u00a0<\/span><\/span>demands\u00a0<\/span><\/span>made\u00a0<\/span>by\u00a0<\/span><\/span>Central\u00a0<\/span>GST\u00a0<\/span><\/span>officials.\u00a0<\/span><\/span>As\u00a0<\/span><\/span>of\u00a0<\/span><\/span>October\u00a0<\/span>31,\u00a0<\/span><\/span>2023,\u00a0<\/span><\/span>14,897\u00a0<\/span><\/span>appeals\u00a0<\/span><\/span>remained\u00a0<\/span><\/span>pending.<\/span><\/span><\/span> <\/span><\/span><\/span>As\u00a0<\/span><\/span>of\u00a0<\/span><\/span>March\u00a0<\/span>31,\u00a0<\/span><\/span>2023,\u00a0<\/span><\/span>there\u00a0<\/span>were\u00a0<\/span><\/span>11,899\u00a0<\/span><\/span>more\u00a0<\/span><\/span>pending\u00a0<\/span><\/span>appeals\u00a0<\/span><\/span>than\u00a0<\/span><\/span>this.<\/span><\/span><\/span> <\/span><\/span><\/span><\/p>\n

\"Average
Average Monthly GST Mop-Up At \u20b91.66 Lac Cr So Far This Fiscal: Sitharaman<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI, Dec 4: Since\u00a0the\u00a0Goods\u00a0and\u00a0Services\u00a0Tax\u00a0(GST)\u00a0was\u00a0implemented\u00a0on\u00a0July\u00a01,\u00a02017,\u00a0annual\u00a0revenue\u00a0has\u00a0been\u00a0increasing.\u00a0As\u00a0of\u00a0December\u00a04\u00a0(Monday),\u00a0Finance\u00a0Minister\u00a0Nirmala\u00a0Sitharaman\u00a0stated\u00a0that\u00a0the\u00a0average\u00a0gross\u00a0monthly\u00a0mop-up\u00a0for\u00a0the\u00a0current\u00a0fiscal\u00a0year\u00a0is\u00a0\u20b91.66\u00a0lakh\u00a0crore. In\u00a0response\u00a0to\u00a0a\u00a0written\u00a0question\u00a0in\u00a0the\u00a0Lok\u00a0Sabha,\u00a0she\u00a0stated\u00a0that\u00a0the\u00a0GST\u00a0collection\u00a0reached\u00a0a\u00a0record\u00a0high\u00a0of\u00a0\u20b91.87\u00a0lakh\u00a0crore\u00a0in\u00a0April\u00a02023\u00a0and\u00a0has\u00a0exceeded\u00a0the\u00a0\u20b91.5\u00a0lakh\u00a0crore\u00a0level\u00a0in\u00a0each\u00a0of\u00a0the\u00a0current\u00a0fiscal\u00a0month.Since\u00a0the\u00a0establishment\u00a0of\u00a0the\u00a0Goods\u00a0and\u00a0Services\u00a0Tax\u00a0(GST)\u00a0on\u00a0July\u00a01st,\u00a02017,\u00a0there\u00a0has\u00a0been\u00a0an\u00a0annual\u00a0pattern\u00a0of\u00a0increasing\u00a0GST\u00a0collection. According\u00a0to\u00a0Ms.\u00a0Sitharaman,\u00a0the\u00a0average\u00a0gross\u00a0monthly\u00a0GST\u00a0collection\u00a0in\u00a0FY\u00a02023\u201324\u00a0is\u00a0currently\u00a0\u20b91.66\u00a0lakh\u00a0crore,\u00a0which\u00a0is\u00a011%\u00a0greater\u00a0than\u00a0it\u00a0was\u00a0during\u00a0the\u00a0same\u00a0period\u00a0in\u00a0the\u00a0previous\u00a0fiscal\u00a0year. Compared\u00a0to\u00a0\u20b91.23\u00a0lakh\u00a0crore\u00a0in\u00a02021\u201322,\u00a0the\u00a0average\u00a0monthly\u00a0GST\u00a0collection\u00a0in\u00a02022\u20132023\u00a0was\u00a0over\u00a0\u20b91.5\u00a0lakh\u00a0crore. The\u00a0average\u00a0monthly\u00a0mop-up\u00a0during\u00a02020\u201321\u00a0was\u00a0\u20b994,734\u00a0crore.Minister\u00a0of\u00a0State\u00a0for\u00a0Finance\u00a0Pankaj\u00a0Chaudhary\u00a0responded\u00a0to\u00a0a\u00a0different\u00a0inquiry\u00a0by\u00a0stating\u00a0that\u00a0the\u00a0average\u00a0monthly\u00a0gross\u00a0GST\u00a0collection\u00a0for\u00a02021\u20132022\u00a0and\u00a02022\u20132023\u00a0had\u00a0increased\u00a0by\u00a022%\u00a0and\u00a030%,\u00a0respectively,\u00a0year\u00a0over\u00a0year. “GST\u00a0is\u00a0paid\u00a0on\u00a0a\u00a0self-assessment\u00a0basis,\u00a0and\u00a0tax\u00a0administration\u00a0at\u00a0the\u00a0federal\u00a0and\u00a0state\u00a0levels\u00a0has\u00a0the\u00a0authority\u00a0to\u00a0pursue\u00a0cases\u00a0involving\u00a0underpayment\u00a0or\u00a0nonpayment\u00a0of\u00a0GST. Finding\u00a0these\u00a0instances\u00a0and\u00a0recovering\u00a0underpaid\u00a0or\u00a0unpaid\u00a0taxes\u00a0is\u00a0an\u00a0ongoing\u00a0task,\u00a0according\u00a0to\u00a0Mr.\u00a0Chaudhary.According\u00a0to\u00a0him,\u00a0the\u00a0government\u00a0has\u00a0been\u00a0implementing\u00a0various\u00a0GST\u00a0changes\u00a0based\u00a0on\u00a0the\u00a0GST\u00a0Council’s\u00a0recommendations,\u00a0which\u00a0are\u00a0expected\u00a0to\u00a0enhance\u00a0GST\u00a0compliance\u00a0and\u00a0boost\u00a0GST\u00a0collection. 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