GST collection up 4.51% in August at Rs 98,202 crore

New Delhi: The gross goods and services tax (GST) collection in August, 2019 stood at Rs 98,202 crore, up 4.51 per cent compared to Rs 93,960 crore in the same month last year.
The GST collection, although higher on year-on-year basis, is still lower than government’s expectations of Rs 1 lakh crore.
“The gross GST revenue in the month of August, 2019 is Rs 98,202 crore of which CGST is Rs 17,773 crore, SGST is Rs 24,239 crore, IGST is Rs 48,958 crore (including Rs 24,818 crore collected on imports) and cess is Rs 7,273 crore (including Rs 841 crore collected on imports),” a Finance Ministry statement said.
The total number of summary returns in GSTR 3B forms filed in the month of July upto August 31 was 75.8 lakhs.
Tax experts said that indirect tax collection in the month of August is generally subdued due to seasonality factor and hence may not be considered a reflection of consumption slowdown. They see collection figure picking up from the month of October with the onset of festive season.
“One month data cannot indicate business reality,” said Amit Bhagat, Partner, indirect tax practice, Dhruva Advisors.