Page 427 - ES 2020-21_Volume-1-2 [28-01-21]
P. 427
54 Economic Survey 2020-21 Volume 2
2.8 Recovery is also evident on the revenue front, as the monthly gross GST collection has
3
crossed the ` 1 lakh crore mark consecutively for the last 3 months (Figure 2). Monthly GST
revenues for the month of December 2020 stood at ` 1.15 lakh crore, after registering a 12 per
cent growth in the GST revenues over December 2019 (Figure 3). This has been the highest
monthly GST collection since the introduction of GST. The recovery in GST collection has been
due to the combined effect of the rapid economic recovery post pandemic and the nation-wide
drive against GST evaders and fake bills along with many systemic changes introduced recently,
which have led to improved compliance.
Figure 2: Recovery in GST collections during 2020-21
1.4
1.2
1
Rs lakh crore 0.8
0.6
0.4
0.2
0
Source: Department of Revenue
Figure 3: Trends in GST collection during 2020-21
1.4
1.2
1.14
1.0 1.00 1.00 1.02 0.98 0.95 1.05 1.15
In Rs Lakh crore 0.8 0.62 0.91 0.87 0.86 0.92 0.95 1.05 1.03 1.03
0.6
0.4
0.2 0.32
0.0
Apr May Jun Jul Aug Sep Oct Nov Dec
2019-20 2020-21
Source: Department of Revenue
3 Centre and States taken together