GST Important updates and Announcements for the month of August.
Dear all,
Your association SIMA is in receipt of a mail from the Bilimoria Mehta & Co. Chartered Accountant, regarding GST Important updates and Announcements for the month of August 2024.
• The Gross GST collections:
• The Gross Goods and Services Tax (GST) collections for the month of July 2024 is Rs 1.82 lakh crore. This represents a significant 10.30% year-on-year growth, driven by a strong increase in domestic transactions (up 8.90%) and imports (up 14.20%). • After accounting for refunds, the net GST revenue for April 2024 stands at Rs 1.65 lakh crore, reflecting an impressive 14.40% growth compared to the same period of 2023.
FOR MORE DETAILS, PLEASE CLICK HERE.
Thanking you,
With Regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
General Secretary
