India sales tax collections dip in August

Reuters  |  NEW DELHI 

(Reuters) - Collections from India's new nationwide goods and services (GST) fell 3.6 percent in August from July, data showed on Tuesday, the latest setback to government's efforts to revive economic growth.

The collections for August stood at 906.69 billion rupees ($14 billion) and only 3.8 million of the near 7 million taxpayers who needed to file their monthly returns had done so, the government's provisional data showed.

Some taxpayers had still not filed their returns for July or August and any increase in the collections would be reported in due course, the said.

Millions of firms in have failed to comply with the new system aimed at harmonising all state and federal sales taxes. Ambiguous rules, an onerous return filing system and technical glitches have made doing business more complicated for many companies.

Lower-than-expected collections have exacerbated India's economic woes as growth rate has slowed to a three-year low.

(Reporting by Aditya Kalra and Manoj Kumar, editing by Sanjeev Miglani/Jeremy Gaunt)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 26 2017. 21:13 IST