GST Collections Rise 22.9% to ₹2.31 Lakh Crore in October
India's GST collections reached ₹2.31 lakh crore in October, up 22.9% from a year earlier. Tax receipts rose as festive shopping picked up despite high inflation and interest rates. Passenger car sales and digital payments also hit strong levels, and power use climbed nearly 22% compared with last year.
Context
GST is India's goods and services tax, introduced in 2017 to replace many separate central and state taxes. Monthly collection figures are watched closely as a sign of how much people and businesses are spending.
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