New Delhi, Nov. 20 -- India's Goods and Services Tax (GST) revenue is poised for a strong recovery in November, limiting the impact of the September rate cuts on state and central revenues, according to internal government assessments. The Centre expects the revenue buoyancy to sustain, thanks to the robust demand in the economy and a growing tax base.

Gross GST receipts grew at an average 9.8% annual rate in the April-September period, but slowed sharply to 4.6% in October. However, the growth is expected to rebound to a robust 10% in November, two people familiar with the government's assessment said. This would push monthly revenue receipts to approximately Rs.2 trillion.

"The October revenue collection of Rs.1.96 trillion reflected ...