The GST collections for the month of March have topped ? 1.23 lakh crore, setting a new record since the implementation of Goods and Services Tax in July 2017.
The numbers are in line with the recovery in the GST revenues over the past six months. The revenues for the month of March 2021 are 27% higher than the GST revenues in the same month last year.
Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue.
IT services’ major Wipro Ltd has signed an agreement to acquire Ampion, an Australia-based provider of cybersecurity, DevOps and quality engineering services, for$117 million.
Earlier in March, Wipro signed an agreement to acquire Capco, a global management and technology consultancy to the BFSI industry, for a cash consideration of $1.45 billion.
Ampion was formed through the merger of IT services providers ‘Revolution IT’ and ‘Shelde’. Revolution IT was an IT services company in Australia founded in 2004 and Shelde was a digital IT security company founded in 2010.