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GST collection data for FY20, FY21: A sign of recovery?
Goods and services tax collection surpassed the Rs 1 trillion mark for the fifth consecutive month, touching Rs 1.13 trillion in February. The government attributed the robust mop-up to 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. Watch the video for the month-wise GST collection data for the financial year 2019-20 and 2020-21.