Expect high GST collections to continue in Feb, say FinMin sources

Sources say the GST authorities have been using deep data analytics, integrated data-sharing to unearth input tax credit utilisation frauds via fake invoicing and bogus firms

Sources in the finance ministry expect high GST collections in February as well, after a record mop up in December and January due to anti-evasion measures undertaken.

The nationwide drive against fake GST invoice frauds has yielded record GST collections of Rs 1.15 trillion in December 2020 and Rs 1.2 trillion in January 2021.

Sources said they expect the trend of higher collections to continue in February as well.

In the ongoing nationwide drive against fake GST invoice frauds since mid-November 2020, the Directorate General of GST Intelligence (DGGI) and CGST Commissionerates had arrested 12 persons in a single day.

As many as 329