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GST collection dips 19-month low at Rs 91,916 cr, reflects weak demand

The revenue collection in the same month a year ago stood at Rs 94,442 crore

Source: Finance ministry

Source: Finance ministry

Press Trust of India
The Goods and Services Tax (GST) collections dropped sharply to a 19-month low of Rs 91,916 crore in September, mirroring a widening slowdown in economy triggered by shrinking consumer demand.
This is the second straight month of decline in the GST collections, according to official data released by the finance ministry.
The tax collections at Rs 91,916 crore in September was lower than Rs 98,202 crore collected in August and Rs 94,442 crore mop-up in the same month a year back.
GST, which from July 1, 2017, amalgamated 17 different central and state levies, including excise duty, service tax and VAT,

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First Published: Oct 01 2019 | 5:10 PM IST

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