Highest GST Collection ever of Rs 1.41 Trillions;

The gross GST revenue collected in the month of April 2021 set a new record of Rs. 1,41,384 cr. The GST collections remained above the Rs. 1-lakh –crore mark for the seventh month in a row in April, the finance ministry said on Saturday, may 1.
Despite the second wave of COVID-19 pandemic effecting several parts of the country, Indian businesses have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month, The ministry said in a statement. In line with the trend of recovery in the GST revenues over past six months, the revenues for the month of April 2021 are 14% higher than the GST revenues in the last month of March 2021. During the month, the revenues from domestic transactions are 21% higher than the revenues from these sources during the last month, the ministry noted.
These are clear indicators of sustained economic recovery during this period. Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration.

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