The Minister of State for Finance Anurag Thakur during Question Hour in the Rajya Sabha said that this was made possible because of the measures taken by the government to boost economic activities over the last year while dealing with the COVID-19 pandemic.
The increased economic activities have resulted in higher GST collections, which consistently stood above Rs 1 lakh crore for five months in a row since October 2020, Minister of State for Finance and Corporate Affairs Anurag Thakur said on Tuesday.
“GST collection has increased. If you see e-way bill data, numbers… activities have increased. GST collection has witnessed above Rs 1 lakh crore for a stretch of five months since October 2020… The GST collection during the period has been higher than the collection in the same period last year.” the minister said.
On the economy, Thakur said V-shaped recovery is being seen as the third quarter GDP numbers are positive and trade is getting better.
The Indian economy had seen a contraction of 24.4 percent in the June quarter of FY21, impacted by COVID-19.
