GST collection crosses Rs 1-trillion mark in October: Arun Jaitley

After it touched the one trillion mark for first time in April 2018, GST collections had missed the target for five straight months

For the first time since April, Goods and Services Tax (GST) collection for a single month has crossed Rs 1 trillion. 

"GST collections for October 2018 have crossed Rs. 1 lakh crore (1 trillion). The success of GST is lower rates, lesser evasion, higher compliance, only one tax and negligible interference by taxation authorities," Finance Minister Arun Jaitley said in a tweet.

GST collections for October 2018 have crossed Rs. 1 lakh crore. The success of GST is lower rates, lesser evasion, higher compliance, only one tax and negligible interference by taxation authorities.

— Arun Jaitley (@arunjaitley)