GST collections surge in July, miss Rs 1-trn target for third time in FY19

Since its rollout 13 months earlier, the new indirect tax has yielded Rs 1 trillion only in April 2018

Goods and services tax (GST) collection rose in July but stayed well below the government's target of Rs 1 trillion for a third month in succession of the current financial year (starting April 1).

The tax came into effect from July 1 last year. Last month's collection was Rs 965 billion, after Rs 956.1 billion in June and Rs 940 billion in May. The official data was released on Wednesday. The pace of collection is expected to slow down in the coming months, as the impact of rate reductions by the GST Council on a little over 100 items at