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GST revenue slips below Rs 1 lakh crore in June after eight months

GST revenue slips below Rs 1 lakh crore in June after eight months

The gross GST revenue collected in June 2021 stands at Rs 92,849 crore. It was recorded at Rs 1.02 lakh crore in May.

New Delhi: GST revenue for the month of June stood at Rs 92,849 crore, a 2 percent increase over the same month a year ago, the Finance Ministry said on Tuesday.

The gross GST revenue collected in the month of June 2021 stands at Rs 92,849 crore of which Central GST is Rs 16,424 crore, State GST Rs 20,397, Integrated GST Rs 49,079 crore (including Rs 25,762 crore collected on import of goods) and Cess is Rs 6,949 crore (including Rs 809 crore collected on import of goods), the ministry said.

The GST revenues for the month of June 2021 are 2 percent higher than Rs 90,917 crore collected in June 2020.

GST collection had remained above the Rs 1 lakh crore mark for eight months in a row and was recorded at Rs 1.02 lakh crore in May. However, the collection in June 2021 dropped below Rs 1 lakh crore.

“The GST collection for June 2021 is related to the business transactions made during May 2021. During May 2021, most of the states/UTs were under either complete or partial lockdown due to COVID,” the ministry added.

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