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India's GST collections surge 22.9% to reach Rs 2.31 lakh crore Business

India's GST collections surge 22.9% to reach Rs 2.31 lakh crore

Short2News· 1h ago ·👁 1 reads

India's Goods and Services Tax collections reached Rs 2.31 lakh crore in October, marking a significant 22.9% year-on-year growth. This surge was primarily driven by a 42.2% increase in imports and robust domestic transaction activity. The data highlights a resilient national economy and improved tax compliance across various states, signaling positive fiscal momentum.

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