Table of Contents
- GST is a uniform tax which is levied on all goods and services to put an end to these problems.
- The collection for the April-June quarter was at 59% of the revenue in the same period last year.
- The goods and services tax (GST) mop up was 9% lower on a year-on-year basis in June, while it was 62% down in May and fell 28% in April.
June collections
- CGST was at Rs 18,980 crore,
- SGST was Rs 23,970 crore and
- IGST was Rs 40,302 crore
- (including Rs 15,709 crore collected on import)
- Cess collection was at Rs 7,665 crore.
Reason for decline
- The revenues during the financial year has been impacted due to COVID-19,
- Firstly due to the economic impact of the pandemic,
- Secondly due to the relaxations given by the Government in filing of returns and payment of taxes due to the pandemic.
- However, figures of past three months show recovery in GST revenues.
- States like Punjab, Chhattisgarh, Madhya Pradesh, Bihar, Assam, Andhra Pradesh, Telangana, Karnataka witnessed growth in collection in June over last year.
- North Eastern states like Sikkim, Manipur, Mizoram, Tripura, Nagaland, Arunachal Pradesh too witnessed Increase in revenue during the month.
Q) In India, the GST is a dual model of which country?
A) Germany
B) China
C) USA
D) Canada
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