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Nov 12, 2018
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GST collections cross Rs 1-trillion mark for second time in FY19
Goods and services tax (GST) collections crossed the Rs1-trillion mark for the second time in 2018-19. As seen in Chart 1, collections rose to Rs1.01 trillion in October, up from Rs944 billion in September. Collections had previously touched Rs1.04 trillion in April. The disaggregated data shows that Central GST (CGST) collections continue to remain well below state GST (SGST) collections (Chart 2). One possible explanation is that credit allowed for capital goods under the previous indirect tax regime could still be weighing down CGST collections.
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