Categories: Economy

GST collections at Rs 1.03 lakh crore for May

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.