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Finance Minister Smt. Nirmala Sitharaman appreciates CBIC efforts in fighting COVID-19 pandemic; says enhanced revenue collection in recent months should now be the New Normal The fourth anniversary of introduction of GST, the GST Day, 2021, was marked by Central Board of Indirect Taxes and Customs (CBIC) and all its field offices across India here today. The national level programme was organised by CBIC through virtual mode on the digital platform which was attended by all field formations.
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FAQ :
She stated that the enhanced revenue collection in recent months should now be the "new normal."
GST revenue has crossed £1 lakh crore for eight months in a row.
A record GST collection of £1.41 lakh crore was achieved in April 2021.
Taxpayer facilitation included two COVID-19 relief packages, such as late fee waivers, interest rate reductions, timeline relaxations, and refund drives. GST rates on vaccines and essential COVID-19 related products/services were also reduced.
31 officers were awarded GST Day commendation certificates for their exceptional contribution in GST administration, with one officer receiving it posthumously.
It was highlighted that GST is a work in progress which is improving daily, having reduced indirect taxes, litigations, and inter-state restrictions.
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