GST collections drop to â¹93,960 cr in August after rate cuts
GST collections in August fell marginally to â¹93,960 crore from â¹96,483 crore in July. The government cited the drop to delay in the sale of items on which GST rate was reduced on July 21 and became effective from July 27. The actual impact of the rate cuts would be known in September when taxes for August will be collected.