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GST collection remains low

Date: 02 November 2019 Tags: Basics of Economics
  • The Goods and Services Tax (GST) collection in October declined to 95,380 crore, as against 1,00,710 crore in the same month a year ago, as per government data.
  • This is the third consecutive month when GST mop-up remained below the 1 lakh crore mark, despite October being a festive month.
  • The revenue collection in September stood at  91,916 crore.
  • Goods and Services Tax (GST) is an indirect tax (or consumption tax) imposed in India on the supply of goods and services. It is a comprehensive multistage, destination based tax