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GST Collection for June at Rs 90,917 Crore; Total for Q1 At 59% of Last Year Revenues

GST sales series in June stood at Rs 90,917 crore, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April.

GST sales series in June stood at Rs 90,917 crore, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April.

The goods and offerings tax (GST) mop up become 9 in keeping with cent decrease on a yr-on-year foundation in June, even as it turned into 62 consistent with cent down in May and fell 28 consistent with cent in April.

GST collections for the first quarter (April-June) of this financial declined 59 according to cent, when as compared to the same area ultimate yr as lockdown imposed to contain spread of COVID-19 pandemic significantly impacted economic activity.

“The revenues throughout the economic 12 months has been impacted because of COVID-19, firstly because of the economic impact of the pandemic and secondly due to the relaxations given by way of the government in filing of returns and fee of taxes because of the pandemic. However, figures of past three months show recovery in GST revenues,” the finance ministry said in a statement.

States like Punjab, Chhattisgarh, Madhya Pradesh, Bihar, Assam, Andhra Pradesh, Telangana, Karnataka witnessed boom in series in June over closing 12 months.

North Eastern states like Sikkim, Manipur, Mizoram, Tripura, Nagaland, Arunachal Pradesh too witnessed Increase in revenue at some point of the month.