India’s goods and services tax (GST) collections rose to Rs 1.72 trillion in October, up 13 per cent year-on-year, due to stricter anti-evasion measures and improved compliance.
This is the second-highest collection ever, next only to April this year, the Finance Ministry stated on Wednesday while releasing the monthly GST figures.
With this, the average gross monthly GST collection in FY24 now stands at Rs 1.66 trillion, an 11 per cent increase year-on-year, the ministry observed.
“The significant growth in GST collections over recent months is not only due to strong underlying economic factors but also the efforts of tax authorities in using tools to compare data sets for identifying short payments and evasion,” said MS Mani, partner at Deloitte India.
