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LATEST NEWS UPDATES | GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in August

GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in August

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published Published on Sep 1, 2019   modified Modified on Sep 1, 2019
-The Indian Express

This is the second time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark. First, it happened in June when the collection was Rs 99,939 crore.

New Delhi: The Goods and Services Tax (GST) collections have dropped to Rs 98,202 crore in August from over Rs 1.02 lakh crore in the previous month. However, total GST for August this year was 4.5 per cent higher than the Rs 93,960 crore collected in the corresponding month last year, PTI reported.
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Central GST collections stood at Rs 17,733 crore, State GST Rs 24,239 crore, and Integrated GST Rs 48,958 crore (including Rs 24,818 crore collected on imports) during August this year, a statement released by Finance ministry read.

This is the second time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark. First, it happened in June when the collection was Rs 99,939 crore. However, it was Rs 1.02 lakh crore in July. Meanwhile, the gross collections during April-July stood at Rs 4,16,176 crore, up from Rs 3,89,568 crore in the corresponding period of the last fiscal.

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The Indian Express, 1 September, 2019, https://indianexpress.com/article/business/economy/amid-economic-slowdown-gst-collection-dips-below-rs-1-lakh-cr-to-rs-98202-cr-in-august-5956695/


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