GST revenues in June surpass Rs 1.4 lakh crore

#GS-03 : Economy

For Mains

Increase of 56% in GST collection compared to last year showcasing steady economic recovery.
Most states show increasing revenues with Kerala showing an increase of 116% while many show an increase of more than 50%.
Negative growth was seen in the UT of Daman and Diu (-13%) and some areas under central jurisdiction.
High growth rate partially due to low base effect of last year’s impact of second wave of Covid 19.