GST collection sets new record high at Rs 1.41 trillion in April

The GST revenues during April 2021 are the highest since the introduction of GST, says govt

The goods and services tax (GST) collections touched a record high at Rs 1.41 trillion in April, surpassing the Rs one trillion mark for the seventh straight month in a row during 2020-21. The mop up is higher than the previous record of Rs 1.24 trillion in March. These GST figures pertain to transactions in March, but collected in April. Hence, do not capture the impact of surge in lockdown instances in April across the country due to the deadlier second wave of coronavirus. However, the high growth trend is unlikely to sustain as the impact of economic activity disruption