GST revenues in June surpass Rs 1.4 lakh crore
#GS-03 : Economy
- Increase of 56% in GST collection compared to last year showcasing steady economic recovery.
- Most states show increasing revenues with Kerala showing an increase of 116% while many show an increase of more than 50%.
- Negative growth was seen in the UT of Daman and Diu (-13%) and some areas under central jurisdiction.
- High growth rate partially due to low base effect of last year’s impact of second wave of Covid 19.