- Total News Sources
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- Left
- 0
- Center
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- Right
- 1
- Unrated
- 1
- Last Updated
- 18 days ago
- Bias Distribution
- 50% Unrated
India's GST collections in August reached nearly ₹1.75 lakh crore, reflecting a 10% year-on-year increase, but higher refunds capped the net growth to 6.5%. Central GST and State GST collections grew by 8.9% and 7.3% respectively, while Integrated GST, driven by imports, saw a 12.5% rise. Experts attribute the rise in collections to robust consumption, enhanced compliance measures, and increased scrutiny. The GST Council is expected to discuss rate rationalisation in its upcoming meeting, although a decision is unlikely. The slowdown in net revenue growth is also attributed to efficient processing of refunds and higher-than-average rainfall impacting supply chains.
- Total News Sources
- 2
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 1
- Last Updated
- 18 days ago
- Bias Distribution
- 50% Unrated
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