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India’s GST revenue tops ₹1.8 lakh crore in October, third-highest ever
India’s Goods and Services Tax (GST) collections hit ₹1.8 lakh crore, rising 11% year-on-year and marking the third-highest monthly tally on record, according to the Finance Ministry. The surge was driven by festive-season spending and stronger compliance. Central GST accounted for ₹33,000 crore, while state GST contributed ₹41,000 crore. Economists said the data underscores steady consumption momentum despite global headwinds. The government expects average monthly GST revenue to stay above ₹1.7 lakh crore through the fiscal year, supporting its fiscal-deficit target.
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India’s GST revenue tops ₹1.8 lakh crore in October, third-highest ever
India’s Goods and Services Tax (GST) collections hit ₹1.8 lakh crore, rising 11% year-on-year and marking the third-highest monthly tally on record, according to the Finance Ministry. The surge was driven by festive-season spending and stronger compliance. Central GST accounted for ₹33,000 crore, while state GST contributed ₹41,000 crore. Economists said the data underscores steady consumption momentum despite global headwinds. The government expects average monthly GST revenue to stay above ₹1.7 lakh crore through the fiscal year, supporting its fiscal-deficit target.
Tags:
- economy
- india
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Economic Times• By struti
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India’s GST collections hit ₹1.8 lakh crore in October, the third-highest ever, driven by festive demand and improved compliance.
India’s Goods and Services Tax (GST) collections hit ₹1.8 lakh crore, rising 11% year-on-year and marking the third-highest monthly tally on record, according to the Finance Ministry. The surge was driven by festive-season spending and stronger compliance. Central GST accounted for ₹33,000 crore, while state GST contributed ₹41,000 crore. Economists said the data underscores steady consumption momentum despite global headwinds. The government expects average monthly GST revenue to stay above ₹1.7 lakh crore through the fiscal year, supporting its fiscal-deficit target.
India’s Goods and Services Tax (GST) collections hit ₹1.8 lakh crore, rising 11% year-on-year and marking the third-highest monthly tally on record, according to the Finance Ministry. The surge was driven by festive-season spending and stronger compliance. Central GST accounted for ₹33,000 crore, while state GST contributed ₹41,000 crore. Economists said the data underscores steady consumption momentum despite global headwinds. The government expects average monthly GST revenue to stay above ₹1.7 lakh crore through the fiscal year, supporting its fiscal-deficit target.
Tags:
- economy
- india
- economy
- india
- gst
- revenue
- fiscal
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