- Goods and service tax (GST) collections for January 2021 touched an all-time high of Rs 1.19 lakh crore since introduction of GST regime.
- The consistent collections of over ? 1 lakh crore for the last four months and a steep increasing trend over January are indicators of rapid economic recovery' post pandemic.
- It attributed the continued rise in collections to closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, income-tax and customs IT systems, and effective tax administration.
- The average year-on-year growth in GST revenue over the first four months in the second half of the financial year has been 8% as compared to (-) 24% during the first half of the year.