GST collection in May declines to Rs 940 billion, misses Rs 1-trillion mark

Of the total collection, Central GST (CGST) stood at Rs 158.66 billion

The goods and services tax (GST) yielded Rs 940.16 billion in May, 4.5 per cent higher than the average monthly collection last year, backed by improved compliance due to the introduction of the e-way bill, which tracks the movement of goods. Incremental impact on revenues is expected over the next few months, when the e-way bill system becomes mandatory even for intra-state movement of goods.

The mop-up is, however, lower than the Rs 1 trillion collected in April, although the two cannot be compared since the arrears of the earlier months are paid by year-end.  The May collection is higher than