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Published on 15/09/2022 9:46:18 AM | Source: Accord Fintech

GST collection may top Rs 1.5 lakh crore from October : Tarun Bajaj

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Revenue secretary Tarun Bajaj has said he expects GST collection to top the Rs 1.5-lakh-crore-mark from October.  Bajaj said ‘for the last couple of months, we’ve been trying very hard to reach that milestone of Rs 1.5 trillion (lakh crore). But we have been failing a bit sometimes by Rs 2,000 crore and sometimes by even Rs 6,000 crore.’

He mentioned ‘The revenue that we will collect in October, the data of which will come on November 1, I am sure from that month onwards the CBIC on a regular basis shall deliver Rs 1.5 trillion revenue for the government.’

Revenue collection from goods and services tax (GST) has been trending at over Rs 1.4 lakh crore in the past six months consecutively but has not crossed the Rs 1.5 lakh crore-mark yet on a consistent basis. The August collection of Rs 1.43 lakh crore is up 28 per cent on-year but lower than Rs 1.49 lakh crore in July. Only once the collection crossed the Rs 1.5 lakh crore mark- a record Rs 1.67 lakh crore mopped in April 2022.