No respite from slowdown pain: GST collection drops to 19-month low in Sept

The GST mop-up in September was 2.67 per cent lower than the collection in the corresponding month last year and 6.4 per cent below the last month's figure

Goods and services tax (GST) collection fell to a 19-month low of Rs 91,916 crore in September, pointing to a deepening economic slowdown.

The GST mop-up in September was 2.67 per cent lower than the collection in the corresponding month last year at Rs 94,442 crore and 6.4 per cent below the last month’s figure of Rs 98,202 crore, the finance ministry data showed on Tuesday. 

It’s the second straight month when the collection has fallen below the Rs 1-trillion mark. This is expected to compound the government’s revenue woes, amid a steep target for 2019-20. The government’s monthly GST