The goods and services tax (GST) collected in January (for December) is seen to be the lowest in the current fiscal. While the average collections during April-December was Rs 96,800 crore a month, the collections in January are around Rs 93,000 crore. With tax rate cuts on 23 items announced by the GST Council in December coming into effect from January 1, the collections next month may remain subdued too.
The collection for December 2017 at Rs 86,703 crore too was nearly 4% lower than the average monthly collection in the 2017-18 fiscal. The overall GST revenue shortfall is nearly Rs 15,000 crore per month in the April-December period compared with the budget estimate for the current fiscal.
Read More at: https://www.financialexpress.com/economy/january-gst-collections-may-be-lowest-this-fiscal/1453164/