At 6.5%, GST collection growth slowest in 3 years – Times of India
NEW DELHI: GST collections rose 6.5% in Sept to Rs 1,73,240 crore, which was the slowest pace of expansion in over three years. This time, the slowdown appeared to be driven more by domestic sources, as Integrated GST, including on imports, logged an 8.8% rise in Sept (based on transactions in Aug). Central GST collections were pegged 5.4% higher at Rs 31,422 crore, while state GST mop-up was 4.3% higher, according to official data.A part of the slowdown could have been on account of flooding in several parts of the country as strong monsoon disrupted normal life in several states.Andhra Pradesh, where several districts were ravaged by floods, for instance saw a 4% decline, Gujarat reported no change. Manipur logged the worst performance with a 33% contraction, with Madhya Pradesh, Chhatti...