GST collections fall below Rs 1 lakh crore in August
NEW DELHI: the gross of India GST Collections it slipped below Rs 1 lakh crore to Rs 98,202 crore in August, according to official data published on Sunday.
Collection of gross income from goods and Services Tax (GST) in July stood at Rs 1.02 lakh crore.
However, the sweep of August 2019 was 4.5% higher than the crore of 93,960 rupees collected in the same month last year.
This is the second time this year that the revenue collection of the GST has slipped below the mark Rs 1 lakh crore. First, it happened in June when the collection was Rs 99,939 crore.
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 said.