GST mop-up Rs90,917 cr in June, dips 59% in Q1
New Delhi, July 1
GST collection in June stood at Rs 90,917 crore, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April. The GST mop-up was 9% lower on a year-on-year basis in June, while it was 62% down in May and fell 28% in April.
GST collection for the first quarter, however, declined 59% as compared to the same quarter last year as lockdown imposed to contain spread of Covid-19 pandemic severely hit economic activity.
“The revenue during the financial year has been hit due to Covid, firstly due to the economic impact of the pandemic and secondly due to the relaxations given by the government in filing of returns and payment of taxes due to the pandemic. However, figures of past three months show recovery in GST revenues,” the Finance Ministry said. — TNS/PTI
