GST mop-up: Rs 1-trillion target missed for fifth month in a row

Collections from the goods and services tax (GST) fell short of the target of Rs 1 trillion-a-month for the fifth consecutive month in September this financial year. However, the collections at Rs 944 billion last month was up 0.5 per cent over the August figures, which stood at Rs 940 billion. GST rate cut on a range of products from July 27 likely to have resulted in the subd…