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Thursday, 1 April 2021

Central government opens treasury amid funds crisis, gives first installment of Rs 1,000 crore to states

Following the country's new record / economic reforms, the government received record-breaking revenue from GST in March.







In March, the government spent Rs. Record-breaking revenue of Rs 1,23,902 crore, the highest ever.






Another example of continuous improvement in the country's economy GST collection crossed Rs 1.23 lakh crore in March For the sixth consecutive month, GST collection has crossed Rs 1 lakh crore Another example is the country's economy, which is constantly improving. The GST collection has set a new record in the month of March. According to government figures, GST collection in March was Rs 1.23 lakh crore. GST collection has crossed Rs 1 lakh crore for the sixth consecutive month.




According to a statement issued by the finance ministry, the government has spent Rs. 1,23,902 crore, of which Rs. CGST revenue of Rs 22,973 crore, Rs. 29,329 crore SGST revenue, Rs. 62,842 crore IGST revenue (Rs. 31,097 crore collected on import of goods) and Rs. Includes cess revenue of Rs 8,757 crore.




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According to a statement issued by the Finance Ministry, the total GST revenue in the month of February 2021 was Rs. 1,13,143 crore. GST revenue for February 2021 has increased by 7% as compared to February 2020 revenue. The country has received one more sign of improvement in economic activities.



A good sign for a slowing economy

It is noteworthy that cases of corona virus have been slowly coming to light in India since March and since then the country has witnessed the ordeal of corona deaths. The curfew and lockdown forced people to save their lives, after which the Indian economy suffered a major setback. India had such a collection in February and then for the first time this collection crossed Rs 1 lakh crore in October. Now, for the second consecutive month after October, the figure has crossed Rs 1 lakh crore. However this collection is less than the month of October October.

The government claims that GDP will improve soon

The government has also announced a package under Self-Reliance India at various stages to get the economy back on track with the Corona virus crisis in India and the country has been making continuous efforts to get the economy back on track since its unlock. Opposition groups called for a halt to the recession, but the government said the economy would improve by next year. However, the government has got some relief from the tax collection figures for the last two months.

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