India’s GST Collection Hits ₹1.96 Lakh Cr Despite Rate Cuts; Imports Surge 13%
India’s GST collection for October (reflecting September activity) reached ₹1.96 lakh crore, rising 4.6% year-on-year (YoY), as per government data released on Saturday. This robust figure occurred despite major GST rate cuts applied to 375 items from September 22. The GST collection growth, though the slowest this fiscal, was supported by festive demand and healthy…