Record GST Collection For January In Offing: SBI Research
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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.
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