COVID-19 Impact: GST collections drop 12% Rs 86,449 crore in August
The GST collection declined for the second consecutive month in August to Rs 86,449 crore, the Finance Ministry said on Tuesday. On year-on-year basis, the August collection was 12 per cent lower compared to Rs 98,202 crore mopped up in the same month last year. The GST collections have faltered since the beginning of the current fiscal as COVID-19-induced lockdown hampered economic activity. The revenue in April was Rs 32,172 crore, May (Rs 62,151 crore), June (Rs 90,917 crore) and July (Rs 87,422 crore).