October GST collections surge 13% to Rs 1.72 lakh crore, marking second highest ever

  • GST revenue in October 2023 is the second highest ever, following April 2023’s record of Rs 1.87 lakh crore.
  • The rise in collections is attributed to economic momentum, efforts to curb evasion, and festive demand.
  • The gross GST revenue collected includes Central GST, State GST, Integrated GST, and cess, with a significant portion coming from domestic transactions and imports.
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