GST COLLECTIONS IN JAN. TOUCH RECORD `1.4 L CR

GST collections touched a record of Rs 1.40 lakh crore in January on rapid economic recovery, the finance minister said. During the Budget speech, the minister said there has been a remarkable progress made in the GST regime, but still a few challenges remain. "Gross GST collection in January at record Rs 1,40,986 crores; this has been possible due to rapid economic recovery," she said while presenting the Budget in the Lok Sabha. January is the seventh straight month when the GST collection has crossed the Rs 1-lakh crore mark.