BusinessGST Collection Falls To 19-Month Low In September
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GST Collection Falls To 19-Month Low In September
The fall in GST collection may widen the fiscal deficit
The total number of GST returns filed for August stood at Rs. 75.94 lakh
The government has transferred Rs. 21,131 crore to CGST from IGST
GST collections in September stood at Rs 91,916 crore.
The fiscal deficit - or the shortfall in the government's income compared with its spending - is already under strain after the government last month cut corporate tax rates. While announcing the reduction in corporate tax rates, Finance Minister Nirmala Sitharaman said the Centre was "conscious of the impact all this will have on our fiscal deficit".
"The total gross GST revenue collected in the month of September, 2019 is Rs. 91...