Second time in a row India’s GST collection remains above 1 Lakh

New Delhi: India’s Goods and Services Tax revenue for the second time straight remained above 1 Lakh Crore in August at 1.12 Lakh Crore, 30% higher than the previous year.

“The Gross GST revenue in August 2021 is Rs 1,12,020 crore of which Central GST is Rs 20522 Crore, State GST is 26605 Crore and Integrated GST is Rs 56247 Crore,” the Finance Ministry stated.

The revenue is lower than Rs 1.16 Lakh Crore July 2021. But higher than Rs 86449 Crore in August 2020.