April 2021 set a new record of Rs. 1,41,384 crore in GST collection in india.
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
The finance ministry said in a statement.
IT good for county economic?
Indian economy needs an educated leader to lead to its success. GST is an improper indirect tax solution which has forced millions of businesses to close down within months of its introduction. It's true that government is earning more revenue through it but let's take a look how they are spending it.
1. Statue of unity - wastage of 370 million USD
2. Narendra Modi Stadium - wastage of 110 million USD
3. Central Vista project - wastage of 140 million USD (ongoing)
4. Proposed Sivaji statue - wastage of 540 million USD (proposed)
5. Bullet train - wastage of 10 billion (estimated)
6. Ram Mandir - wastage of around 300 million USD (estimated)
Now when the second wave of covid hit the country, we are realizing that our health infrastructure is not capable of handling such situations because millions of people have already died. Worst is yet to be seen!