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Current Affairs

GST revenue collection data

Date: 03 September 2021 Tags: Miscellaneous


The Goods and Service Tax collections for the month of August clocked more than 1 lakh crore but were lower than the collections of July.



GST is an indirect tax in which business and service collect taxes from people and transfer it to the government.



  • The second continuous collection exceeding 1 lakh crore indicates the growth of economic activities after a series of pandemic induced lockdown.

  • The GST collections for the month of August was Rs 1, 12,020 crore. During the same month last year, the collections stood at Rs 86,449 crore. This year it recorded a growth of 29.6 per cent.

  • The breakdown of numbers show that Rs 20,522 crore was CGST, 26,605 crore was SGST, Rs 56,247 crore was IGST and cess is Rs 8,646 crore.



  • The increase in e-way bills was an indication of pickup in economic activity. They are compulsory for inter-state transportation of goods valued over Rs 50,000.

  • The e-way bill for August stood at 6.33 crore. The amount for July was 6.41 crore. The daily average has witnessed a growth of 2% to clock 21.1 lakh.


Other reasons for growth

  • The pickup of vaccination rate has instilled confidence among people regarding commercial activities and outings.

  • New investments in share market have boosted money availability. Consumer spending has resumed after many months of uncertainty.

  • Anti-evasion measures have been actively pursued to identify and prosecute fake billers. This has led to higher collection.