New Delhi: The Gross GST revenue collection for the year 2020 has been the highest with December 2020 recording the highest growth of Rs 1,15,174 crore. The December figures, which are 12 percent higher the GST revenues in the same month last year, are in line with the recent trend of recovery in the GST revenues, the Finance Minister added.
This is the third month in a row in the current financial year that the GST revenues have been more than Rs 1 lakh crore. The December 2020 revenues are significantly higher than last month’s revenues of Rs 1,04.963 crore.
The finance ministry attributed the rising GST collection to “combined effect of the rapid economic recovery post pandemic and the nation-wide drive against GST evaders and fake bills along with many systemic changes introduced recently, which have led to improved compliance.”