GST collection dips for the second month in a row to Rs 851.7 bn in Feb

In the GST collection, Rs 142.3 billion was on account of the SGST, Rs 437.9 billion came under the IGST, and Rs 83.3 billion was compensation cess

Collection under the goods and services tax (GST) dipped for the second month in a row to Rs 851.7 billion in February. It was Rs 863.2 billion in January, which too saw a decline.

The dip this time could be owing to fewer days in February as well as the utilisation of integrated goods and services tax (IGST) credit for tax payments. 

The revenues were not only smaller than what was collected in January but also the second-lowest so far. The lowest collection was in November at Rs 837.2 billion.

The collection was lower than the Rs 910 billion target