GST collections drop below ₹1 lakh crore to ₹98,202 crore in August

GST collections, Goods and Services Tax, GST
Gross revenue collections from the Goods and Services Tax (GST) in July stood at ₹1.02 lakh crore (iStock)

India’s gross GST collections slipped below ₹1 lakh crore to ₹98,202 crore in August, according to official data released on Sunday (September 1).

Gross revenue collections from the Goods and Services Tax (GST) in July stood at ₹1.02 lakh crore. The August 2019 mop-up was, however, 4.5 per cent higher than the ₹93,960 crore collected in the same month last year.

This is the second time during this year that the revenue collection from the GST has slipped below the ₹1 lakh crore mark. First, it happened in June when the collection was ₹99,939 crore.

Central GST collections stood at ₹17,733 crore, State GST ₹24,239 crore, and Integrated GST ₹48,958 crore (including ₹24,818 crore collected on imports) during August this year, a statement said.

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