GST revenue momentum: Collections rise 4.6% to Rs 1.96 lakh crore in October; festive demand offsets impact of rate cuts

India’s GST collections reached approximately Rs 1.96 lakh crore in October, a 4.6% year-on-year increase driven by strong festive demand and pent-up consumption. This growth occurred despite recent GST rate cuts, indicating robust consumer spending and effective business adaptation to the new tax structure.

More From Author

<div>4-Month-Old ‘Mini Tirupati’ Temple Had Same Entry-Exit: Lapses Exposed</div>

<div>Asia Cup trophy row takes ugly twist: ‘We have approached ACC,’ says BCCI secretary</div>

Leave a Reply