92,849 crores is the GST collection in June, after eight months slips below 1 lakh crore

GST collection in June

 On Tuesday, data shown by finance ministry shows that the goods   & service tax    (GST)  collection for the June month slips down ₹  one lakh crore, for the first time in last  eight months. May  2021 related  business transactions GST will be collected in the month of June 2021.in the official release, centre said that most of the states are under partial lockdown or complete lockdown due to pandemic.  In the  month of many cases  are more in number, and deaths are also more in numbers. Many States imposed lockdown due to deadly coronavirus. This impact the business and industrial activities, which results in the decrease of GST collection. ₹90,917 crores was the  GST collection in June 2020. There will be a 2% increase than past year. For earlier eight months in a line GST will be the  more than ₹1 lakh crore. ₹1.05 lakh crore was the GST collection in month of may. In June, ₹92, 849 crores will be the gross GST revenue. ₹16, 424 crore was the central goods & service tax. ₹20, 397 be the state GST. Cess is ₹6, 949 crores which include tax on import of goods. 

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