GST collections in Oct may cross Rs 1 lakh cr mark for first time in FY21
In a sign that economic revival is getting more pronounced in the unlock phases, country`s goods and service tax (GST) collections set to cross the Rs 1 lakh crore mark for the first time during this financial in October.
Sources in the government indicated that GST collections during October looked healthy as the number of monthly returns (GSTR3B) filed during the month till now has already crossed 75 lakh mark. (Reuters)