Record GST Collection For January In Offing: SBI Research 
A worker holds his GST papers in a store in Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

Record GST Collection For January In Offing: SBI Research 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

SBI Research Report

The Government’s ongoing efforts are bearing fruit in the form of goods and services tax collections.

After clocking record collections in December 2020 month (Rs 1.15 lakh crore), our internal simulation model indicates that January 2021 GST collections will be in the range of Rs 1.21-1.23 lakh crore and may still have an upside.

The positive trend which started from September 2020 has sustained and gained momentum.

Given that the Jan-21 numbers are expected to be the highest ever, if 50% of the integrated goods and services tax collected is disbursed to states by March-2021, then state GST shortfall can narrow down to only a minimal Rs 11,000 crore after taking into account the full compensation cess.

Click on the attachment to read the full report:

SBI Research Ecowrap GST Collection January 2021.pdf

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