News & Media 1st Aug 2024
The Centre’s gross tax revenue (GTR) stood at Rs 8.31 trillion in the first quarter of FY25, which is 23.7% higher from the corresponding period of last year, data released by the Controller General of Accounts showed on Wednesday.
The growth in actual mop-up in Q1FY25 is way higher than 10.8% growth projected for GTR for the full financial year. This is primarily the result of a sharp rise in direct tax collections.
Priyansh Verma from Financial Express writes on, “Q1 gross tax revenue up 24%, far exceeds budgeted pace” with expert comments from Dipesh Jain.
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