December GST collection hits record high, crosses Rs 1.15 lakh crore

The gross Goods and Services taxes revenue collected in December 2020 reached a record high over rs 1.15 Lakh crores. The GST revenues during December 2020 have been the highest since the introduction of GST and it is the first time that it has crossed Rs 1.15 lakhs crores.The highest GST collection til now was Rs 1,13,866 crore in the month of April 2019 the statement said.The growth can be attributed to the combined effect of the rapid economic recovery and the nationwide drive against GST evaders and fake bills along with many systemic changes introduced recently,which have led to improved compliance,as per the ministry.