GST collection grows 23% to Rs 1.17 trn in Sep, surpasses pre-Covid levels

The collection continues to exceed Rs 1 trillion mark for the third month showing clear signs of recovery

Goods and services tax (GST) collected in September rose to Rs 1.17 trillion, which is 23 per cent higher than in the same period a year ago, and 27.3 per cent more than the collection in the pre-Covid year of 2019-20.
 
The finance ministry expects the positive trend will continue and the second half of the year will post higher revenues. It said the constant increase in collection in the last five months indicates the economy is recovering at a fast pace.
 
Average monthly gross GST collection for the second quarter of 2021-22 has been Rs 1.15 trillion,