GST collection dips below Rs 1 lakh crore in June
In signs of sluggish momentum in tax collection, GST receipts in June fell to Rs 99,939 crore, down from over Rs 1 lakh crore in the previous month, the Finance Ministry said on Monday. While the GST collection in June was lower than Rs 1,00,289 crore in May, it was higher than Rs 95,610 crore receipts in the same month of the previous year.
The collection comprises receipts by both the Centre and state governments of GST, which had two years ago amalgamated 17 different indirect tax levies. “The total gross GST revenue collected in the month of June, 2019 is Rs 99,939 crore of which Central-GST is Rs 18,366 crore, State-GST is Rs 25,343 crore, Integrated-GST is Rs 47,772 crore and cess is Rs 8,457 crore (including Rs 876 crore collected on imports),” the ministry said.







