GST earnings of Ram Mandir in Ayodhya? ₹400 cr, says VHP leader Champat Rai

During a visit to Indore, Champat Rai confirmed estimated GST revenues of nearly 400 crore from the construction of Ram Temple complex that will feature 18 temples and is designed to handle a significant influx of devotees.

Livemint
Updated10 Sep 2024, 10:10 AM IST
Ram Mandir construction work will generate  <span class='webrupee'>₹</span> <span class='webrupee'>₹</span>400 cr GST, says VHP leader Champat Rai
Ram Mandir construction work will generate ₹ ₹400 cr GST, says VHP leader Champat Rai

The ongoing construction work connected to the Ram Mandir complex in Ayodhya, Uttar Pradesh is estimated to generate Goods and Services Tax (GST) of nearly 400 crore, said Champat Rai, the general secretary of Shri Ram Janmabhoomi Teerth Kshetra Trust.

The actual tax collection figure will, however, be known only after the completion of the construction work, Rai said at a public felicitation function in Madhya Pradesh's Indore on September 9.

Also Read | Ayodhya Ram Mandir displayed in New York’s India Day Parade amid protests

"My estimate is that the government will get around 400 crore as GST from the Ram Mandir construction work. A total of 18 temples will be built in the complex being developed on 70 acres. It will include temples of Maharishi Valmiki, Shabri and Tulsidas. We will pay 100 per cent tax. Not a rupee in tax will be reduced," Rai was quoted as saying by news agency PTI.

‘2 lakh devotees’

The Ram Mandir is a partially constructed Hindu temple complex in Ayodhya, Uttar Pradesh. The newly-constructed complex was inaugurated after a Pran Pratishtha (consecration) ceremony on January 22, 2024

The temple is being constructed with the cooperation of society and arrangements are such that no one will face problems even if two lakh devotees arrive, said Rai, who is also international vice president of the Vishwa Hindu Parishad.

"I don't know how many people, their families and relatives suffered during the movement to build a temple at Ram Janmabhoomi in Ayodhya. This yagya (movement) is no less than the 1,000-year-old fight for independence. It (agitation) was held for the public welfare," he said.

Also Read | Ayodhya news: Lights worth ₹50 lakh stolen on roads leading to Ram Mandir

Rai visited Bakawa village in MP's Khargone district on Sunday to finalise the 'Shivling' for the construction of a Shiva temple at the complex in Ayodhya.

The actual tax collection figure will, however, be known only after the completion of the construction work.

"I had gone there on the suggestion of an Indian Administrative Service (IAS) officer," he said. Situated on the banks of the Narmada river, Bakawa is famous for the construction of beautiful Shivlings, which are installed in temples across the world.

(With PTI inputs) 

Key Takeaways
  • The Ram Mandir construction is expected to significantly boost local economy through GST revenue.
  • The project includes the development of a complex with 18 temples, reflecting cultural heritage.
  • Champat Rai emphasises the public welfare aspect of the temple movement, connecting it to historical struggles.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:10 Sep 2024, 10:10 AM IST
Business NewsNewsGST earnings of Ram Mandir in Ayodhya? ₹400 cr, says VHP leader Champat Rai

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    164.30
    03:58 PM | 7 OCT 2024
    -2.45 (-1.47%)

    Axis Bank share price

    1,150.30
    03:29 PM | 7 OCT 2024
    -27.2 (-2.31%)

    Tata Power share price

    441.05
    03:59 PM | 7 OCT 2024
    -25.65 (-5.5%)

    Bharat Electronics share price

    267.35
    03:59 PM | 7 OCT 2024
    -9.85 (-3.55%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Coforge share price

    7,209.00
    03:29 PM | 7 OCT 2024
    85.85 (1.21%)

    Eclerx Services share price

    3,030.00
    03:29 PM | 7 OCT 2024
    6.95 (0.23%)

    Dr. Lal Pathlabs share price

    3,460.90
    03:54 PM | 7 OCT 2024
    -33.35 (-0.95%)

    Vijaya Diagnostic Centre share price

    977.25
    03:29 PM | 7 OCT 2024
    -11.7 (-1.18%)
    More from 52 Week High

    Rail Vikas Nigam share price

    450.30
    03:57 PM | 7 OCT 2024
    -42.8 (-8.68%)

    Jubilant Ingrevia share price

    726.45
    03:29 PM | 7 OCT 2024
    -67.8 (-8.54%)

    Railtel Corporation Of India share price

    395.90
    03:50 PM | 7 OCT 2024
    -35.65 (-8.26%)

    Garden Reach Shipbuilders & Engineers share price

    1,536.55
    03:44 PM | 7 OCT 2024
    -122.25 (-7.37%)
    More from Top Losers

    Finolex Industries share price

    294.10
    03:56 PM | 7 OCT 2024
    22.45 (8.26%)

    CG Power & Industrial Solutions share price

    758.75
    03:58 PM | 7 OCT 2024
    39.95 (5.56%)

    Astrazeneca Pharma India share price

    7,775.50
    03:29 PM | 7 OCT 2024
    343 (4.61%)

    Blue Dart Express share price

    8,650.45
    03:44 PM | 7 OCT 2024
    347.05 (4.18%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,675.00-10.00
      Chennai
      77,681.00-10.00
      Delhi
      77,833.00-10.00
      Kolkata
      77,685.00-10.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts