News of relief for the Modi government, GST Collection increased

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New Delhi, 31 December 2020 Friday

The big relief for the central government has come to the fore on the indirect tax front before the budget, with the total GST collection for January 2020 being Rs 1.1 lakh crore.

A few days ago, the government estimated that the total GST collection in January could be 1.15 lakh.

The target was fulfilled in November and December as well

During the first two months ie November and December 2019, GST collection was increasing by Rs 1 lakh crore, GST collection in November was Rs 1,03,492 crore and in December this figure was Rs 1,03,184 crore.

It is worth mentioning here that the GST Collection in April 2019 was the highest at Rs 1,13,865 crore after the implementation of GST in July 2017.

The government succeeded in preventing tax evasion

Some media reports said that the target of the GST Collection is Rs 1.15 lakh crore, the government was hopeful that the target was attainable, as the government was able to prevent Rs 40,000 crore revenue leakage using technology and data analytics.

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