India’s GST Collections Witness Notable Surge in November

GST revenue collection for October 2023 is second highest ever

On the back of domestic consumption, gross GST collections grew by 8.5% year-on-year to ₹1.82 lakh crore in November. Every month, however, collections dipped by approximately 2.7%, down from ₹1.87 lakh crore in October. Government sources explained that this month-on-month (MoM) dip is part of seasonal fluctuations observed every year. “In 2023, we saw a … Read more