GST Covers Rs 92,849 Crore In June
- 06-Jul-2021
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GST collection slipped below Rs 1 lakh crore in June for the first time in eight months as the second wave of the Covid pandemic and the resultant lockdowns hit businesses India.
At Rs 92,849 crore, the Goods and Services Tax (GST) collection is the lowest in 10 months since August 2020, when it was Rs 86,449 crore.
The GST collections in June 2021 are primarily for supplies made in May -- a month when most states were under different levels of lockdown, reducing business activity.
The gross GST revenue collected in the month of June 2021 is Rs 92,849 crore, of which Central GST is Rs 16,424 crore, State GST is Rs 20,397, Integrated GST is Rs 49,079 crore (including Rs 25,762 crore collected on import of goods) and Cess is Rs 6,949 crore (including Rs 809 crore collected on import of goods), as per the finance ministry data.
The mop-up in June 2021 is 2 per cent higher than Rs 90,917 crore collected in June 2020.
