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GST collections at Rs 1.03 lakh crore for May

Sumit Arora Published On June 7th, 2021 Leave a comment

The goods and service tax collections for May clocked Rs 1,02,709 crore, making it the eighth straight month of collections crossing the Rs 1 lakh crore mark. The collections have been 65% higher than the GST revenues in the same month, despite many states being under lockdown due to the Covid pandemic.

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The May GST collections were also a 27.6 per cent drop from a record sum of Rs 1.41 lakh crore in April, which was the highest monthly collection since the introduction of the nationwide tax.

List of GST Collection previous months:

April 2021: ₹1.41 lakh crore(All-time Highest)
March 2021: Rs. 1.24lacs cr.
Feb 2021: Rs 1,13,143 crore
January 2021: ₹ 1,19,847 crore

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.