Wednesday, January 2nd, 2019

 

GST Collections Fall In November

The government’s goods and services tax collections fell for the second straight month in November. GST collections during the month stood at Rs 94,726 crore, the Finance Ministry said in a statement. That compares with Rs 97,637 crore collected in October and more than Rs 1 lakh crore in September. So far, the government has collected Rs 8.6 lakh crore as GST in eight months against the full-year budget target of Rs 13.47 lakh crore. The average monthly collection stands at Rs 89,885 crore. Starting Jan. 1, rates on a host of items will come down.Read More