GST collections rose after two months but remained below Rs 1 lakh crore amid a slowing economy, held back by a decline in consumption and a liquidity crisis in the non-bank lending sector.

While there is a mere 4 percent increase in GST collections over the last month, the fall compared to the budgeted target continues to be a challenge owing to a decline in consumption and overall economic slowdown, Krishan Arora, a partner at Grant Thornton India LLP, said.

This article appeared in Bloomberg Quint on 01^st Nov, 2019.