Gross GST revenue collected in June 2021 reached £92,849 crore. This figure is 2% higher than the revenue collected in June 2020, though it fell below the £1 lakh crore mark seen in previous months. The collection is linked to business transactions in May 2021, a period affected by COVID-19 lockdowns which saw a significant drop in e-way bill generation. However, easing restrictions in June have led to a recovery in e-way bills, suggesting an expected increase in GST revenue from July 2021 onwards.
GST Revenue collection for June 2021
Rs 92,849 crore gross GST revenue collected in June 2021
The gross GST revenue collected in the month of June2021 is Rs 92,849 crore of which CGST is Rs 16,424 crore, SGST is Rs 20,397, IGST is Rs 49,079 crore (including Rs 25,762 crore collected on import of goods) and Cess is Rs 6,949 crore (including Rs 809 crore collected on import of goods).The above figure includes GST collection from domestic transactions between 5thJune to 5th July2021 since t
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FAQ :
The gross GST revenue collected in June 2021 was £92,849 crore.
The GST revenues for June 2021 were 2% higher than those collected in June 2020.
The collection is related to business transactions in May 2021, which was impacted by COVID-19 lockdowns. Relief measures were also provided for delayed return filings.
E-way bill generation dropped significantly in May 2021 due to lockdowns but showed recovery in June 2021, indicating a rebound in trade and business activity.
With the easing of lockdowns and recovery in e-way bill generation, GST revenues are expected to increase again from July 2021 onwards.