The finance ministry in its latest data has showed that Goods and services tax (GST) collection dropped to a 19-month low of Rs 91,916 crore in September 2019 witch was 2.67% lower than the collection in the corresponding month last year at Rs 94,442 crore and 6.4% below the last month’s figure of Rs 98,202 crore.
The central GST collection in September was lower at Rs 16,630 crore compared to Rs 17,733 crore in August. The state GST collection was Rs 22,598 crore, compared to Rs 24,239 crore the previous month. The integrated GST mop-up was also lower at Rs 45,069 crore against Rs 50,612 crore in August.
It is 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 collection target is around Rs 1.18 trillion. In the first six months of current financial year (FY20), the GST collection grew by 4.9% compared to the year-ago period.