Takeaway on GST Day: June collection inches up to Rs 956 billion

On average, the government estimates Rs 1 trillion per month from the GST

On the first anniversary of the goods and services tax (GST), the government machinery was out in full force to spread cheer about the biggest indirect tax reform in the country. While top representatives of the finance ministry addressed a large gathering at a jam-packed auditorium in the Capital’s Ambedkar International Centre in the morning, other ministers and bureaucrats got busy on the social media about the GST achievements and milestones. 

Finance Secretary Hasmukh Adhia, armed with data, gave out numbers that pleased the audience comprising traders, industry chamber officials, and bureaucrats. The GST collection for June was Rs 956 billion,