Global Economy

GST collection declines 28% MoM in May 2021, still holds Rs 1 lakh cr-mark for 8th month in a row


The gross Goods and Services Tax (GST) revenue collected in May was at Rs 102,709 crore, the government said on Saturday. Of this, central GST was Rs 17,592 crore, state GST Rs 22,653 crore, integrated GST Rs 53,199 crore crore (including Rs 26,002 crore collected on import of goods) and cess Rs 9,265 crore (including Rs 868 crore collected on import of goods). This is the eighth month in a row that GST revenues have crossed Rs 1 lakh crore mark despite most states been under strict lockdown due to the pandemic.



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