New Delhi: With economic activity stabilising, especially services, the government is hoping that monthly GST collections would stabilise around Rs 1.5 lakh crore over the next few months, helping the overall revenue situation at the Centre and the states.
This would mean that the mop-up will be higher than the record collections of Rs 1.4 lakh crore in April before it slipped to Rs 92,900 crore in June on account of the second wave of the Covid-19 pandemic. Collections in October (for sales in September) were pegged at Rs 1.3 lakh crore, the second highest monthly mop-up.
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