In October month, GST collections were Rs.1.03 lakhs Crore while in August and September, the GST Collections were weak. On cash accounting basis, October collections were estimated at Rs 95,000 crore, implying an FY20 run-rate, so far, of around Rs 90,100 crore. The monthly run-rate for cess collections—used to ensure state-government revenues continue to rise by 14% a year—is currently around Rs 43,300 crore while the required rate is Rs 55,900 crore. For April- October 2019, the total collections—including CGST, IGST, SGST, and compensation cess—were Rs 7.02 lakh crore, and grew 3.4% year-on-year.
