GST collection crosses Rs 1 lakh crore


New Delhi: The gross GST revenue collection within the month of May 2021 crossed Rs 1 lakh crore mark. As per the info released by the Finance Ministry, the gross GST revenue collected within the month of May 2021 is Rs 1,02,709 crore of which CGST is Rs 17,592 crore, SGST is Rs 22,653, IGST is Rs 53,199 crore (including Rs 26,002 crore collected on import of goods) and Cess is Rs 9,265 crore (including Rs 868 crore collected on import of goods).

The figure includes GST collection from domestic transactions till 4th of June since taxpayers got various relief measures within the sort of waiver/reduction in interest on delayed return filing for 15 days for the return filing month May’21 within the wake of covid pandemic second wave.

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