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GST collections up 56 pc to Rs 1.44 lakh crore in June : The Tribune India




New Delhi, July 1 (*56*)

GST collections in June witnessed a 56 per cent year-on-year improve to over Rs 1.44 lakh crore on financial restoration and higher anti-evasion measures, the finance ministry mentioned on Friday.(*56*)

Goods and Services Tax (GST) collections in June, 2021 stood at Rs 92,800 crore.(*56*)

Speaking on the GST Day celebrations, Finance Minister Nirmala Sitharaman mentioned Rs 1.4 lakh crore is the “rough bottom line” for month-to-month GST income collections.(*56*)

This is the fifth time that the month-to-month GST collections crossed the Rs 1.40-lakh-crore mark since inception of GST and fourth month at a stretch since March 2022, the ministry mentioned in an announcement.(*56*)

During June, revenues from import of products have been 55 per cent greater and the revenues from home transactions (together with import of companies) have been 56 per cent greater than the revenues from these sources throughout the identical month final 12 months.(*56*)

The complete variety of e-way payments generated in the month of May 2022 was 7.3 crore, which is 2 per cent lower than 7.4 crore e-way payments generated in the month of April 2022, the ministry added.(*56*)

GST collections in May was Rs 1.41 lakh crore and in April hit a file excessive of Rs 1.68 lakh crore.(*56*)


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