The second wave of Covid 19 took a toll on GST collection that stood Rs 92,849 crore for the month of June, the lowest in 8 months.
But this is likely an isolated hit on the tax collection and not a reflection of the recovery as the collections are related to transactions pertaining to the month of May during which localised lockdowns had affected the business climate. The govt does not expect to see this downtrend continuing.
The Finance Ministry in it's official release said, "With reduction in caseload and easing of lockdowns, the e-way bills generated during June 2021 is 5.5 crore which indicates recovery of trade and business."