Quote by Manish Mishra, Partner, JSA on July GST collections at Rs 1.49 lakh cr, 2nd highest-ever monthly collections…

With the sustained economic recovery post-pandemic, most of the core sectors of the economy have shown signs of growth. This is reflected in improving economic indices along with GST collection. Further, with the law settling down after five years of implementation and the Government taking significant measures in the past few months to clarify the ambiguities in the law and curbing the menace of fake invoicing and fraudulent credit availment also seem to have contributed to the rising GST collections. With the recent increase in the rate of GST for critical sectors of mass consumption and continuing economic resurgence of India, it is expected that this upward trend in GST collections is likely to continue.” Manish Mishra, Partner, JSA