GST Preview - Collections Might Have Crossed 1.15 Lakh Crore In April: SBI Research
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SBI Research Report
Goods and services tax collections, the barometer of economic activity in India, have crossed Rs 1 lakh crore mark at a stretch for the last six months (October 2020 to March 2021).
After clocking record collections in March month (Rs 1.24 lakh crore), our internal simulation model indicates that April GST collections will be in the range of Rs 1.15-1.20 lakh crore.
This will be quite impressive given the fact that during April most of the states imposed partial lockdowns.
Also, it is heartening to note that despite the curbs due to the second wave, the all India GST E-way bills till April 25 have reached 4.89 crore and we estimate it to cross 5.5 crore comfortably, given the past trends.
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