GST revenue momentum: Collections rise 4.6% to Rs 1.96 lakh crore in October; festive demand offsets impact of rate cuts
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India's GST collections reached approximately Rs 1.96 lakh crore in October, a 4.6% year-on-year increase driven by strong festive demand and pent-up consumption. This growth occurred despite recent GST rate cuts, indicating robust consumer spending and effective business adaptation to the new tax structure. What's Your Reaction?
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