Rate rejig: GST collection growth moderates in November
November GST collections saw modest growth after a significant rate overhaul, with the government highlighting increased consumption as a positive sign. While domestic revenue dipped slightly, import collections rose, and net collections improved due to lower refunds. Officials expressed optimism that these trends indicate a sustainable reform with a future multiplier effect.
November GST collections saw modest growth after a significant rate overhaul, with the government highlighting increased consumption as a positive sign. While domestic revenue dipped slightly, import collections rose, and net collections improved due to lower refunds. Officials expressed optimism that these trends indicate a sustainable reform with a future multiplier effect.