GST collection Rs1.05L cr; on recovery path

New Delhi, November 1

The goods and services tax (GST) collected in October rose to Rs 1.05 lakh crore, crossing the Rs 1-lakh-crore mark for the first time since February, said the Finance Ministry today. The GST collection in September was at least Rs 10,000 crore lower at Rs 95,480 crore.

“The trend shows that we are on the path of recovery. In September, the GST collection was 4 per cent higher than that in the corresponding period last year. In October, it has risen by 10 per cent year on year with a collection of above Rs 1.05 lakh crore,” said Finance Secretary Ajay Bhushan Pandey. —TNS