GST collections in June slip below ₹1 lakh crore after 8 months
The Hindu
Goods and Services Tax (GST) collections in June fell to ₹92,849 crore from ₹1.02 lakh crore in May, marking the first time after eight months that indirect tax collections fell below the ₹1 lakh cror
Goods and Services Tax (GST) collections in June fell to ₹92,849 crore from ₹1.02 lakh crore in May, marking the first time after eight months that indirect tax collections fell below the ₹1 lakh crore mark. While lockdowns aimed at curbing the second COVID-19 wave hit economic activity and moderated GST revenues in June, the Finance Ministry said that these collections are 2% higher than a year ago and will improve from this month.
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