GST COLLECTIONS GROW 11% TO ₹1.46-L CRORE IN NOVEMBER

Goods and Services Tax (GST) collection in November saw an 11% year-on-year growth to ₹1.46 lakh crore, exceeding the ₹1.40 lakh crore mark for the ninth consecutive month, although the number was lower than the second highest collection ever of ₹1.52 lakh crore in the month of October.

Experts said monthly collection of GST, a weathervane of economic health, is robust and that ₹1.40 lakh crore is the new normal. A minor sequential decline could be on account of weakening of festival demand and the cascading effect of global headwinds, they added. The collection in November pertain to transactions and economic activity in October.