GST revenue slips below Rs 1 lakh crore in June after eight months

GST income slips beneath Rs 1 lakh crore in June after eight months

The gross GST income collected in June 2021 stands at Rs 92,849 crore. It was recorded at Rs 1.02 lakh crore in Could.

New Delhi: GST income for the month of June stood at Rs 92,849 crore, a 2 % enhance over the identical month a yr in the past, the Finance Ministry mentioned on Tuesday.

The gross GST income collected within the month of June 2021 stands at Rs 92,849 crore of which Central GST is Rs 16,424 crore, State GST Rs 20,397, Built-in GST Rs 49,079 crore (together with Rs 25,762 crore collected on import of products) and Cess is Rs 6,949 crore (together with Rs 809 crore collected on import of products), the ministry mentioned.

The GST revenues for the month of June 2021 are 2 % larger than Rs 90,917 crore collected in June 2020.

GST assortment had remained above the Rs 1 lakh crore mark for eight months in a row and was recorded at Rs 1.02 lakh crore in Could. Nevertheless, the gathering in June 2021 dropped beneath Rs 1 lakh crore.

“The GST assortment for June 2021 is said to the enterprise transactions made throughout Could 2021. Throughout Could 2021, a lot of the states/UTs had been below both full or partial lockdown attributable to COVID,” the ministry added.

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