New Delhi, Nov. 2 -- Gross Goods and Services Tax (GST) revenue in October neared Rs.1.96 lakh crore - the fifth highest monthly collection since the tax regime's 2017 launch despite consumers postponing purchases awaiting the massive rate reductions effective September 22. Monthly GST numbers reflect purchases in the preceding month. Gross tax revenue from imports jumped 12.84% to Rs.50,884 crore, pushing cumulative gross GST collections to Rs.1,95,936 crore-a 4.6% year-on-year increase, according to data. P7
Published by HT Digital Content Services with permission from Hindustan Times....