NDTV·1 min read·medium
Gross GST Collections Increase 23% To Rs 2.31 Lakh Crore In October
✦AI Summary
India's gross Goods and Services Tax (GST) collections rose by 23% in October, reaching Rs 2.31 lakh crore. This growth was driven by a 16% increase in domestic sales and a significant 42% surge in import-related tax revenues.
Why it matters
The sharp rise in GST collections serves as a key indicator of India's robust economic activity and consumer demand during the festive season.
Gross GST collections from domestic sales rose 16 per cent to over Rs 1.59…
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