GST mop-up rises 44% to 1.4L crore, 4th highest ever

Goods and services tax (GST) collections rose 44% to over Rs 1.4 lakh crore in May, with domestic and overseas segments contributing equally to the increase. While mop-up in May, based on transactions in the previous month, was 16% lower than the record collections of a little under Rs 1.7 lakh crore in April, the government said that the first month typically generates lower revenue.

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