GST collections for Sept may cross Rs 95,000 cr for first time in FY21

The highest GST collections reported in the current fiscal year so far were Rs 90,917 crore in June

The goods and services tax (GST) collections for September are likely to cross Rs 95,000 crore for the first time this fiscal year. The numbers are scheduled to be released on Thursday.
 
A key source said the figure may be close to Rs 1 trillion. He said GST collections are the best barometer of economic recovery.
 
Figures for September would be mainly for transactions carried out in August. Core sector output contracted for the sixth consecutive month at 8.5 per cent in August, from 8 per cent in July, indicating that economic recovery has slowed on a sequential