GST inflow rises by double digits 3rd month in a row

GST collections grew at double-digit rates for the third straight month on the back of a 29% jumpNEW DELHI: GST collections grew at double-digit rates for the third straight month on the back of a 29% jump in the mop-up from imports in Aug, while revenue from domestic transactions was up 9.3%.Latest available data estimated GST collections to have risen 14.8% to Rs 1,99,853 crore, with over two-thirds coming from domestic sources, while Rs 62,604 crore came from imports. The collections in Aug relate to transactions in July.The soaring revenue from imports is on account of higher cost of several commodities -- from crude to fertiliser and bullion. At the same time, higher consumption for white goods and automobiles have partly made up for the cut in rates, which took effect last Sept."Thes