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Friday, December 1, 2023

GST collection in November up 15%, highest this year

November GST collections rose 15.1% to Rs 1,67,929 crore, driven by strong domestic demand during the festival season and greater compliance. Integrated GST on imports grew 1.5% to Rs 39,198 crore, indicating a slowdown in goods shipment. Overall, IGST collections rose 12.8% to Rs 87,000 crore, driven by inter-state transactions. Central GST grew 18.5% to Rs 30,420 crore, while state GST swelled 17.1% to Rs 38,226 crore.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zU3ZTBI

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