GST collections slip on rate cuts to 1.70 lakh cr in Nov

India's GST collections dropped to a year-low of Rs 1.70 lakh crore in November, rising just 0.7 per cent yearon-year due to a base affected by the removal of cess on sin and luxury goods, government data showed on Monday. The softer numbers come after a major GST rate cut.

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From September 22, the government moved to a simplified two-slab GST structure of 5 per cent and 18 per cent, replacing the earlier four-rate system. A 40 per cent rate now applies only to ultra-luxury and demerit goods.