At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget

Since the collections were till 6 pm on January 31, some more money is expected to come into the government coffers for the month

A day ahead of the Union Budget, which is likely to report a huge fiscal deficit, the government has got some cushion with goods and services tax (GST) collection touching a record high of Rs 1.19 trillion in January.

Since the figure pertained to collection till 6 pm on January 31, some more is expected to come into the government coffers for the month.

GST collection surpassed Rs 1 trillion for the fourth straight month due to economic recovery and because of government measures to tighten its noose on tax evaders.

GST collection grew 8 per cent during the month on a high