GST revenue hits ₹1 tn for a fifth month
Data released by the finance ministry showed GST collections stood at ₹1.13 trillion in February
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Goods and services tax (GST) collections by the Centre and states exceeded the ₹1 trillion mark for the fifth straight month in February, aided by an aggressive drive to improve compliance and recovery in economic activities.
The sustained rise in GST collections, staging a recovery after a steep drop in April when India was in a national lockdown, offers relief to policymakers seeking to bridge a massive revenue shortfall.
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