Monthly GST collections below potential amid economic slowdown

Goods and services tax (GST) collections breached the Rs 1-lakh crore mark in July 2019 at a time when debate on the economic slowdown is flaring up. At Rs 1.02 lakh crore, GST collections rose 6 per cent and 2 per cent, respectively compared to the figures in July 2018 and June 2019. However, Rating agency Crisil recently revised downwards the gross domestic product (GDP) target for 2019-20 to 6.…