GST Collections Fall To Rs 1.02 Lakh Crore In April

Goods and services tax revenue for April, collected in May, remained above the Rs 1 lakh-crore-mark, even as the second wave of Covid-19 infections hurt economic activity.

As expected, May 2021 GST collections have shown a moderation, as was predicted by the sequential slowdown in e-way bills between March and April, Aditi Nayar, chief economist at ICRA Ltd., told BloombergQuint. “With the extension and widening of restrictions by various states in May 2021, the e-way bills have declined further, which will further dampen the GST collections in June.”