Union Finance Minister Nirmala Sitharaman Friday said the Goods and Services Tax (GST) might have flaws but it is the “kanoon (law) of the country”. In September, the GST collection had declined to Rs 91,916 crore, as against Rs 98,202 crore in the preceding month. Earlier, the collections had dropped to Rs 98,202 crore in August from over Rs 1.02 lakh crore in July 2019. This is the third time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark. This means interim tax stages such as excise duties and service tax and state levies like VAT are absorbed under GST.

Source: Indian Express October 11, 2019 16:02 UTC