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June GST receipts signal economic recovery

  • Gross GST receipts for June was 9% below the 1 trillion collected in the same month a year ago, but was sharply higher from what was collected in the previous two months.

Bihar, which saw a massive return of migrant workers during the pandemic, reported a 16% jump in receipts from the consumption-based tax in June from a year ago, although it was on a small tax base compared to that of larger state economies. States like Himachal Pradesh and Uttarakhand known for their tourist destinations, reported sharp fall in GST receipts during the same time.

Data released by the ...

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