Collection of Goods and Service Tax (GST) by central and state government is at 93,960 crore in August while in July is 96,483 crore means fall by 2.6% which is all time low in 2018.
The fall is due to rate cut on 80 items (including washing machines, small televisions, air conditioners) across various slab rates with effect from Jul 27.
The real impact of the rate cut we can see in the coming months by way of increasing demand for these items due to fall in the selling price (since GST rate was reduced).
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