GST collections for January 2021 increased to an all-time high of INR 1.19 lakh crores, up 8.2% YoY and 4.1% in a month on month comparisons. Total GST collections so far this fiscal year (April-January 2021) has been INR 9 lakh crores, understandably a -12% YoY. GST collections have now been above INR 1 lakh crores for four consecutive months. April-January 2021 fiscal deficit of the government stood at INR 12.3 lakh crores, which is up 24% YoY and is at 66.8% of the revised estimate for FY21.