GST collections rise 56% to Rs 1.45 trillion

Monthly goods and Services Tax (GST) collections crossed Rs 1.4 trillion mark for the fourth time in a row, in June 2022, reflecting a new trend. The gross GST revenue collected in June 2022 rose 56% to about Rs 1.45 trillion from Rs 0.93 trillion in the year-ago month, highlighting the effect of plugging of tax evasion and a sustained shift of business to the formal sector of the economy. “The co…