In October, India s Goods and Services Tax (GST) collections rose 13% to Rs 1.72 lakh crore, the second-highest monthly collection this fiscal year. The strong performance was attributed to festive demand and a steady economic growth trajectory. This achievement marked the eighth consecutive month with collections surpassing Rs 1.5 lakh crore.
Goods and Services Tax (GST) for the month of October increased by 13 per cent Y-o-Y to Rs 1.72 lakh crore, revealed data published by the Ministry of Finance. GST revenue collection for October 2023 is second highest ever after April 2023.