GST collection crosses Rs 1-trillion mark for a second time in 2018-19

Stability at this level in the remaining part of 2018-19 key for fiscal discipline

Goods and services tax (GST) collection crossed the trillion mark for the second time in 2018-19. The mop-up touched Rs 1.01 trillion in October, up 6.6 per cent from September’s collection of Rs 944 billion.

Experts attributed this to pick-up in demand in the run-up to the festival season, and the closing of input tax claims for 2017-18. In April, Rs 1.03 trillion was collected. 

The monthly target of Rs 1 trillion for the current financial year was missed for five consecutive months — May to September — followed by the uptick in October.

This improvement comes in the second