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.
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