GST revenue soared

Trending 2021-09-02

newsteamz_GST revenue soared
  • For the second month in a row, the GST series crossed Rs 1.10 lakh crore, providing comfort to the critical and national governments and indicating that the economy is swiftly getting better.

  • According to the Finance Ministry, it earned Rs 1.12 lakh crore in August. 1.16 lakh crore in July.

  • Last month's collection was Rs 20,522 crore as central GST, Rs 26,605 crore as state GST and Rs 56,247 crore as Integrated GST (IGST).

For the second month in a row, the GST series crossed Rs 1.10 lakh crore, providing comfort to the critical and national governments and indicating that the economy is swiftly getting better. According to the Finance Ministry, it earned Rs 1.12 lakh crore in August. 1.16 lakh crore in July.

Last month's collection was Rs 20,522 crore as central GST, Rs 26,605 crore as state GST and Rs 56,247 crore as Integrated GST (IGST). 8,646 crore in cess. In April this year, it had raised an all-time high of Rs 1.41 lakh crore and in May it had raised Rs 1.02 lakh crore. However, due to the second wave of Kovid and local lockdowns, the mobilization in June fell to Rs 92,849 crore.

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