Jump in returns filing may take GST mop-up to Rs 1 trillion this month

Experts say this may sustain for the next three months

Bolstered by a jump in returns filing, the finance ministry is hopeful that goods and services tax (GST) collections would cross the Rs 1-trillion mark in October for the first time in eight months.

Experts said GST collections are likely to be over Rs 1 trillion a month till November-December which would be reported in January and February.

As many as 7.5 million returns have been filed as of October 25 against 6.3 million till the corresponding day of the previous month, sources in the finance ministry said.

The deadline for filing summary input-output returns is 20th of the month, after the one