GST collection 2nd highest in October 2022: Festive sales to higher imports – here are the top 5 factors, experts list

03 Nov 2022 Zee Businessadmin

GST Collection: According to economists and other experts, the revival in the rural economy and festive season sales have contributed most to the GST collection in October 2022. The goods and service tax (GST) collection were reported second highest in October 2022, according to the recent data released by the Ministry of Finance. GST collection for the previous month stood at Rs 1.52 lakh crore. April 2022 has seen the highest-ever GST collection, as per data. According to economists and other experts, the revival in the rural economy and festive season sales have contributed most to the GST collection in October 2022.

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