The GST revenues for October have been the second-highest ever since the introduction of GST, second only to that in April 2021
The revenues for the month of September 2021 are 23% higher than the GST revenues in the same month last year.
GST Council meeting today: Experts suggest that the decision to bring petrol under the purview of GST is not easy for the GST Council.
GST Council Meeting: Bringing petroleum products such as petrol, aviation fuel and diesel under the GST regime, could be on the agenda
Due to revenue-related challenges, there is disparity among the Council members on if a uniform GST rate should be levied on petroleum products.
The finance ministry said that with the easing out of Covid restrictions, GST collection for July and August 2021 have again crossed Rs 1 lakh crore.
Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore, Sequentially, it was Rs 92,849 crore in June this year.