GST registrations increase over 200 % in Coimbatore in the last seven years

The Coimbatore Commissionerate of GST, Central Excise and Audit registered Rs. 3,390 crores revenue in 2023-2024, said K. Ramakrishnan, Commissioner of GST and Central Excise and Audit, Coimbatore, at the GST Day programme in Coimbatore city on July 1, 2024.

According to Mr. Ramakrishnan, the number of tax payers in the commissionerate and GST revenue grew over 200 % in the last seven years. There are 81,552 GST registrations in the commissionerate and 6,000 of them contribute 90 % of the revenue. Most of them are in the Micro, Small and Medium-scale Enterprises (MSMEs) category. Export refunds paid last financial year were Rs.808 crores and 85 % of the payments were made in 60 days. “We are trying to bring down the timeline,” he said.

Source: The Hindu