InvestorQ : Is it true that GST collections have gone up in the month of January 2021?
Debbie Mascarenhas made post

Is it true that GST collections have gone up in the month of January 2021?

Answer
image
Arti Chavan answered.
4 months ago
Follow

GST revenues for the month of January 2021 have grown sharply to settle above pre-COVID levels of collections. GST collections came in at a record level of Rs.120,000 crore for Jan-21, a growth of Rs.5000 crore over the last month. This is not only the highest level ever but also represents the fourth successive month of GST collections exceeding Rs.1 trillion level.

It may be recollected that for the month of Dec-20, the Indian government had reported GST revenues of Rs.1.15 trillion. The growth in GST revenues is not just due to recovery in the economy. GST collections have improved on the back of output revival to normal levels but also because the GST department has plugged loopholes and thus prevented tax evasion and false credits to a large extent.

3 Views