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GST Collections Stay Above Rs 1.4 Lakh Crore For Fourth Month In A Row

The government’s goods and service tax collection remained above Rs 1.4 lakh crore for the fourth straight month in a row.The GST revenue for May, collected in June, stood at Rs 1,44,616 crore, according to a statement by the finance ministry. That is a 56% increase year-on-year and 2.6% over the previous month.Revenue from import of goods was 55% higher and the revenue from domestic transaction (including import of services) was 56%…

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