November GST collections at ₹1.05 lakh cr

Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP said, “On the back drop of unlock and festive season, GST collections have clocked over ₹1 lakh crore in the month of November as well. This would definitely give some respite from the stress of the pandemic. Even in the months of December and January, the collections are expected to be stable with the support of the festive season but the real challenge or indication of recovery would be sustaining the collections post festive season in the months of February & March. More than usual, focus would be there on the Budget, 2021, inspite of the Government’s repeated insistence that development measures would be initiated off the budget as well.”