India's GST collections jump 23% as festival demand boosts sales
- India's gross GST collections rose 23% year-on-year to ₹2.31 lakh crore in October, the second-highest monthly total ever.
- Festive demand boosted domestic GST collections by 16% to over ₹1.59 lakh crore during the month.
- • GST revenue from imports surged 42% to ₹72,246 crore, contributing significantly to the overall increase.
- After adjusting for refunds, net GST collections rose 26% to over ₹2.03 lakh crore in October.
Source: rediff.com
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