Q. What is India’s Goods and Services Tax (GST) collection in October 2023?
Answer:
Rs 1.72 lakh crore
Notes: India’s Goods and Services Tax (GST) collections in October 2023 increased by 13.4% to Rs 1,72,003 crore, the second-highest ever. The growth was driven by a rebound in imports.
The GST revenue collection for October 2023 is second highest ever, next only to April 2023. The gross GST for September, collected in October, rose 13% annually to Rs 1,72,003 crore. The growth in India’s gross Goods and Services Tax (GST) revenues bounced back in October with tax collections rising at a 10-month high pace of 13.4%.