GST collection for June falls to Rs 92,849 Cr, lowest in 10 months

Print Posted Date : 07-Jul-2021 , 10:05:12 am | Posted By CASANSAAR

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The economic impact the 'second wave' of Covid-19 showed on Goods and Service Tax (GST) as collections for June 2021 fell to Rs 92,849 crore, the Finance Ministry said on July 6. This is the first time in nine months that monthly GST collections have slipped below the Rs 1 lakh crore mark.

The last time this happened was in September 2020, when GST collections were Rs 95,480 crore. The June 2021 collection is the lowest in ten months, since August 2020.

"The GST collection for June 2021 is related to the business transactions made during May 2021. During May, most of the States/UTs were under either complete or partial lockdown due to COVID," the Finance Ministry said in a statement.

"The e-way bill data for the month of May 2021 shows that during the month, 3.99 crore e-way bills were generated as compared to 5.88 crore in the month of April 2021, down by more than 30 percent," it said.

The June figure compares to the GST collection of Rs 1.02 lakh crore in May. In April, GST collections came in at Rs 1.41 lakh crore, the highest ever since the introduction of the nationwide tax.

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