At Rs 90,917 cr, GST collections fall for third consecutive month in June

The goods and expert services tax (GST) collections stood at Rs 90,917 crore in June, contracting for the 3rd month in a row calendar year-on-calendar year.

Nevertheless, the charge of decrease has arrive down noticeably to just nine.02 for each cent from 38.seventeen for each cent in May possibly and 71.63 for each cent in April as returns for previously months have been also submitted in June due to a relaxed timeline presented by the governing administration amid the outbreak of Covid-19.

The very first quarter GST collections have been down by just about 70 for each cent due to sharp fall in the mop up in April and May possibly.

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The governing administration could collect just Rs 62,009 crore in May possibly and Rs 32,294 in April. But the collections have been climbing following the governing administration eased the lockdown which was imposed to fight coronavirus.

The GST revenues in June this calendar year are 91 for each cent of Rs 99.940 crore gathered in the identical month of the previous calendar year.

The governing administration gathered Rs eighteen,980 crore from Central GST in June this calendar year, Rs 23,970 crore from the condition GST and Rs forty,302 crore from the integrated GST. The payment cess stood at Rs 7,665 crore.