GST June 2021 Collections Fall Below Rs 1 Lakh Crore For Very First Time In Eight Months

INSUBCONTINENT EXCLUSIVE:
GST collections for June 2021 have fallen below Rs 1 lakh crore mark for first time in eight monthsGross Good and Services Tax (GST)
lakh crore mark for eight months in a row, fell below it in June 2021.Out of the gross GST collections, Central GST (CGST) stood at
collections are based on domestic transactions which took place between June 5 and July 5, 2021
This was the period during which taxpayers were given relief in the form of waiver or reduction in interest on delayed return filing for 15
days
This relief was for the return filing month of June 2021 and for taxpayers with aggregate turnover of up to Rs 5 crore.Government had given
this waiver owing to the second wave of the Coronavirus pandemic, the Finance Ministry statement added.During this period, the Centre