GST kitty rose 3.7% in 1st 8 months of year

Goods and Services Tax (GST) collection rose 3.7% year-on-year to Rs 8.05 lakh crore in the first eight months of the current financial year, until November 30, despite a slowdown in consumption and sluggish economic growth, according to a presentation made in the GST Council last week. Growth in revenue collection would have been stronger but for a 6.8% slump in the import component of the integr…