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SGST revenue reached Rs 4,933 crore during the month, a 22% increase from Rs 4,054 crore in August 2022

The state's revenues from GST stood at Rs 16,727 crore from April to June 2023

The stock price fell as much as 1.62% to ₹626.95 apiece on the BSE

Yet, GST collection in Gujarat grew 17.5%, indicating the state is well-positioned to maintain its revenue inflows

The monthly GST revenues more than ₹1.4 lakh crore for 10 straight months in a row

An official order from the CBIC said that the decision was taken on the recommendation of federal indirect tax body the GST Council

Pre-packaged and pre-labelled retail packs, including curd, lassi and butter milk, were brought under GST

The GST Council in its 47th meeting had unanimously decided to go for a rate hike on several daily essential items

According to sources, the GST Council has also approved compliance measures for high-risk taxpayers

At present, GST has four slabs of 5, 12, 18 and 28 per cent

Union Finance Minister Nirmala Sitharaman to take a capex route and spend on capital assets and infrastructure projects,

The matter will be discussed again in the next Council meet in February 2022 for future roadmap.