GST revenue for May stood at nearly Rs 1.41 lakh crore, a 44 per cent increase over the same month last year, the Finance Ministry. The Goods and Services Tax (GST) revenues came in lower than the record high collection in April at Rs 1.68 lakh crore. In March GST revenues were at Rs 1.42 lakh crore, while in February it was Rs 1.33 lakh crore.
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The collection in May, which pertains to the returns for April, the first month of the financial year has always been less than that in April, which pertains to the returns for March, the closing of the financial year.
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