GST

GST Collection Reached Over 1 Lakh Crore, Revenues Increased by 65%

GST receipts came at Rs 1,02,709 crore in may but it is low in comparison to the last months’ Rs 1,41,384 crore. Collections for May are based on the transactions that happened in April, but it showed a minimum impact of the lockdowns imposed in some parts of the country. GST collection for the month may include a relief measure of various deductions/interest delayed, Extended date of filing taxes, etc.