More than one trillion GST collections can take a break this time

GST Collection June 2021: Over the past several months, there may be a break in the GST collection process of more than one trillion rupees in the next month. According to the valuation, trade was affected by widespread lockout in many states in May, which could lead to a decline in GST earnings.

According to data from the GST network portal, e-way bill production fell sharply in May this year. According to April, e-way bills were 30 percent lower in May. About 4 crore e-way bills were issued in May and Rs 5.87 crore in April.

Also Read: 40 percent of the city’s population in the grip of the financial crisis, the situation became more critical in three months, the demand for quick loans for treatment increased

According to experts, this means business is down. In such a situation, any returns will be filed in the month of June or the collection of tax returns will be made by the department, which may also be reduced. GST collections of transactions made in May will be made until June 30, and final figures will be released on July 1.
Since the second wave, there has been a slowdown in business in April, and the GST collection is only 1.02 trillion rupees.

However, there are signs of improvement in the business in the coming months. June e-way bill figures show a 15-20% increase compared to May. As of June 27, 4.75 crore e-way bills had been issued.


GST collection in crores

May 2021 1,02,709
April 2021 1,41,384
March 2021 1,23,000
February 2021 1,13,000
January 2021 1,20,000
December 2020 1,15,174
November 2020 1,04,963
October 2020 1,05,155
September 2020 95,480 Rs
August 2020 86,449
July 2020 87,422
June 2020 90,917 Rs
May 2020 62009
April 2020 32,294
March 2020 97,597
February 2020 105366
January 2020 110000

Related news

Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.