GST collection rises 6.5% to ₹1.86 lakh crore in August

Gross collections from Goods & Services in August grew at 6.5 per cent in August and crossed ₹1.86 lakh crore, Finance Ministry reported on Monday. However, with refunds turning negative mainly on account of the tariff impact, net collections saw a growth of 10.7 per cent and reached around ₹1.67 lakh crore. GST collections in August is related to goods consumed and services availed in July. A…