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GST collection achieves record numbers

Date: 03 April 2021 Tags: Miscellaneous
  • The GST collections for the month of March have topped ? 1.23 lakh crore,  setting a new record since the implementation of Goods and Services Tax in July 2017.
  • The numbers are in line with the recovery in the GST revenues over the past six months. The revenues for the month of March 2021 are 27% higher than the GST revenues in the same month last year.
  • 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 have also contributed to the steady increase in tax revenue.