Average monthly GST collection in the current financial year reached Rs 1.66 lakh crore, Nirmala Sitharaman gave information

Minister of State for Finance Pankaj Chaudhary told the Lok Sabha that till December 2, 7.76 crore tax returns for income earned in 2022-23 have been filed and more are expected to be filed by the end of this month. In the financial year 2022-23, 10.09 crore PAN holders paid tax for the income earned in 2021-22.

The last date for filing income tax returns (ITR) for income earned in 2022-23 was July 31, 2023. Those who want to file returns after the due date can do so till December 31 by paying a penalty. The total net direct tax collection during 2022-23 is Rs 16.63 lakh crore, of which income tax collection is Rs 8.08 lakh crore.

Minister of State for Finance Pankaj Chaudhary said 28 Virtual Digital Assets (VDA) service providers, including WazirX, Coin DCX and Coinswitch, have registered themselves with the Financial Intelligence Unit. The Finance Ministry had said in March this year that companies working in VDA, crypto exchanges and intermediaries will be considered reporting units under PMLA. Crypto exchanges and intermediaries are required to conduct KYC of their customers and platform users.

Coal and Mines Minister Pralhad Joshi told Parliament on Monday that Coal India Limited has started work to mobilize all the resources required to achieve the one billion tonne annual production target. The company hopes to achieve a production of one billion tonnes by 2025-26. ONGC will start commercial production of crude oil from the Krishna Godavari basin in May next year.