 "GST collection recovers to a 3-month high of Rs 1.16 trn in July")
The goods and services tax (GST) collection recovered to a three-month high in July, exceeding the Rs 1.1 trillion-mark, as economic activity resumed after most states eased Covid-19 restrictions, the official data showed. The better-than-expected collection should help the government ramp up spending in a bid to revive economic growth.
The GST mop-up in July stood at Rs 1,16,393 crore, against Rs 92,849 crore in June, according to the data released by the finance ministry. The collection figure for July included a Rs 4,937-crore mop-up, which was already accounted for in the figures released in June. It pertained to the returns
