GST collections hit an all-time high of ₹1.15 lakh cr in Dec
January 01, 2021
Strong economic recovery, crackdown on evaders push up the numbers
Signalling a strong economic recovery, GST collection in December hit an all-time high of ₹1,15,174 crore. The higher numbers were also due to the crackdown on evaders.
According to data released by the Finance Ministry on Friday, the December mop-up was the highest since the introduction of the Goods and Services Tax in July 2017. The previous best was ₹1,13,866 crore, in April 2019. April revenues tend to be high as they pertain to the returns of March, which marks the end of the financial year.