One of investors visited our office for portfolio review today and asked Tiwari Ji from all sources of media it is showing GST collection is at an all time high. What is it ? and what is the impact of it on my investment?
I think more or less several people in our country ask this type of question to others and ourselves!
Let me answer it -
For five month in a row GST collection has been increasing at a significant rate. Yesterday GST collection data has been published by finance ministry of India as Rs 165105 Cr for the month of July 2023
It is needless to say that if sale and purchase happens then GST comes into government account. It increased five months in a row so understood sales and purchase also increased during this period. In other words, business activity is increasing in an ascending order in our country.
On the other hand our central bank ( RBI) increases the rate of interest to control inflation. Ideally purchasing power should decrease but unlikely it is increasing and it shows as an economy we are moving in the right direction at all fronts approximately. Resulting highest and increasing GST collection five months in a row.
So your investment is on the right track and it is bound to grow in the long term as GST collection and economy is growing!
Written By :
Ajay Tiwari (PFP, IRDAI, AMFI)
Founder of A T Financial Services