October GST Collections Jump 22.9% to Rs 2.31 Lakh Crore
India's gross GST collection in October reached Rs 2,31,290 crore, up 22.9%. For April to October, the total stands at Rs 14,77,569 crore, a rise of 13.2%. Central GST made up Rs 42,935 crore of October's collection.
Context
Context: GST is the goods and services tax, a single tax on most sales in India that replaced many older state and central taxes in 2017. Gross figures are collected before refunds, so they show money flowing in, not what the government finally keeps.
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