March 2, 2020

GST collection crosses Rs 1-trn mark for the fourth month in a row in Feb

Some good news after a long time

Goods and Services Tax (GST) collection crossed the Rs 1-trillion-mark for the fourth month in a row in February at Rs 1.05 trillion. The GST collection, which grew 8.3 per cent year-on-year (y-o-y) in the month, was a tad lower than Rs 1.10 trillion mopped up in the previous month.

GST collection had grown 8.1 per cent y-o-y in January. The mop-up could have been much higher, but tax on imports fell 2 per cent y-o-y. However, experts ruled out the impact of the coronavirus outbreak in China on imports since these are contracted three months in advance.

Read more at https://www.business-standard.com/article/economy-policy/gst-collection-crosses-rs-1-trn-mark-for-the-fourth-month-in-a-row-in-feb-120030200034_1.html

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