GST collections fall below Rs 1-trn mark after eight months in June

Hit 10-month low due to second wave; experts say mop up is better than expected, will provide a cushion to govt to ramp up spending

Goods and services tax (GST) collection fell below the Rs 1-trillion mark in June -- the first time in nine months -- as the second wave of Covid-19 disrupted economic activity in the country, the official data showed on Tuesday. However, experts pointed out that the collection was better than expected and would provide cushion to the government to ramp up spending.

The GST mop-up in June stood at Rs 92,849 crore, as against Rs 1.02 trillion in May and Rs 90,917 crore a year ago, according to the data released by the finance ministry. The latest numbers pertain to transactions