GST collections touch all time high of over Rs one lakh Cr in December
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GST Revenue collection for last month has been recorded to be an all time high since the implementation of the Goods and Services Tax in the country. The gross GST revenue collected in the month of December 2020 is 1 lakh 15 thousand 174 crore rupees.
The revenue collected is 12 per cent higher than the GST revenues in the corresponding period lasting last financial year. The December 2020 revenues are significantly higher than the November's revenues which was nearly 1 lakh 4 thousand 963 crore rupees.
The Finance Ministry has informed that this is the highest growth in monthly revenues since the last 21 months. It said, this has been due to the combined effect of the rapid economic recovery post pandemic and the nation-wide drive against GST evaders and fake bills along with many systemic changes introduced recently.
The revenue collected is 12 per cent higher than the GST revenues in the corresponding period lasting last financial year. The December 2020 revenues are significantly higher than the November's revenues which was nearly 1 lakh 4 thousand 963 crore rupees.
The Finance Ministry has informed that this is the highest growth in monthly revenues since the last 21 months. It said, this has been due to the combined effect of the rapid economic recovery post pandemic and the nation-wide drive against GST evaders and fake bills along with many systemic changes introduced recently.
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