GST revenue mop-up for April stood at Rs 1.13 lakh crore, the highest since its rollout.
GST collection for May is expected to be less than Rs 1 lakh crore, a senior official told Moneycontrol on condition of anonymity.
GST revenue mop-up for April stood at Rs 1.13 lakh crore, the highest since its rollout.
Typically, GST collection is lower at the beginning of a new financial year. April GST mop-up was higher due to year-end payments.
Though teething implementation troubles have mostly been taken care of, the government is still looking to attain stability by removing multiple rate changes, procedural irritants, complex tax-filing system and a five-tier rate structure.
Source : https://www.moneycontrol.com/news/business/economy/gst-mop-up-for-may-likely-to-fall-short-of-rs-1-lakh-crore-4043461.html
