GST Collection dipped to 93,960 crore

Rate reduction in over 19 product categories dented the Goods and Services Tax (GST) collection which reached Rs 93,960 crore in the month of August which is lowest in the current fiscal i.e. 2018-19. According to a Finance Ministry Statement, one of the main factors for the dip in tax revenues is probable postponement of sale of items for which tax rate was reduced by the Council as the decision…