NEW DELHI : Central and state governments collected a record Rs1.41 trillion in goods and services tax (GST) in April despite the second wave of coronavirus pandemic forcing lockdowns in several parts of the country. GST receipts in April are the highest since the 2017 indirect tax reform. Revenues for April are 14% higher than the GST revenue collected in March. GST revenues have stayed above the Rs1 trillion mark for seven months consecutively and have been showing growth, said the statement. It also said that the scheme allowing small taxpayers to file GST returns quarterly and pay taxes on a monthly basis has been successfully implemented.

Source: Mint May 01, 2021 09:52 UTC