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
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