GST collection for June 2021 falls to Rs 92,849 crore

Ministry of Finance informed today Gross Goods and Services Tax revenue (GST revenue) collected is Rs 92,849 crore in the month of June 2021. It includes GST collection from domestic transactions b/w June 5 to July 5, 2021, since taxpayers were given various relief measures, in the wake of the second wave of the COVID pandemic. The collections were higher than Rs 1.03 lakh crore recorded in November 2019 but were Rs 192 crore lower than October 2020 collections. On this crisis, economist says business activity was not really taking place and that is the reason why this has happened.

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