Signs of rebound? GST, fuel & power use rise

Goods and services tax (GST) collections grew 4% to Rs 95,000 crore in September—the first rise after six months of decline—indicating a recovery in economic activity. While it is still lower than the pre-Covid monthly average, the latest numbers show a recovery in collections from domestic sales and imports.

Signs of rebound? GST, fuel & power use rise
Goods and services tax (GST) collections grew 4% to Rs 95,000 crore in September—the first rise after six months of decline—indicating a recovery in economic activity. While it is still lower than the pre-Covid monthly average, the latest numbers show a recovery in collections from domestic sales and imports.