GST collection lowest for October at Rs 83,346 crore

With recent rate cuts, November collections could be even less

Collection under the goods and services tax (GST) slowed to Rs 83,346 crore for October, as the Integrated GST was utilised for credits and rates were revised downward. It was the lowest monthly collection since the GST roll-out in July.

The receipts, shared between the Centre and states, were down despite October being a festival season, and also due to the fact that 48 per cent did not file returns. The subdued collection could further affect the already worsening fiscal position of the Centre and states. The collection for October was down 9.5 per cent from Rs 92,150 crore for September;