India, Nov. 1 -- India's Goods and Services Tax (GST) collections climbed to a five-month high of Rs 1.96 lakh crore in October, registering a 4.6 percent year-on-year increase - the slowest pace of growth in 52 months, according to data released by the finance ministry on Saturday.
Although the total collections in October rose from Rs 1.89 lakh crore in the previous month, the growth rate nearly halved compared to September's 9.1 percent.
Despite the slowdown, October marked the tenth consecutive month in which revenues surpassed the Rs 1.8 lakh crore mark, underscoring a continued trend of strong inflows.
The last time collections had crossed Rs 2 lakh crore was in May.
The moderation in growth appears to be linked to recent adjust...
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