GST COLLECTIONS GREW IN NOV DESPITE EFFECT OF REDUCED RATES

Gross GST revenue saw less than 1% annualised growth to ₹1.70 lakh crore in November, the first full month after the tax rates were rationalised, with government officials and industry experts saying that the short-term moderation in collections was only to be expected — and pointing out that the revenue has not fallen on account of a major boost in consumption, which was also expected.

- Rajeev Jayaswal

The November collections were ₹1,70,276 crore