Categories: Business

At 14%, GST collections in June grow fastest in 8 months

GST collections surged by 13.9% to Rs 1.94 lakh crore, the fastest in eight months, driven by a significant jump in import taxes on commodities like crude and fertilizers. While domestic collections saw a modest 6.5% rise, imports contributed substantially. This indicates robust manufacturing and import activity, though some states experienced significant drops in revenue. Experts suggest policy recalibration to boost domestic manufacturing.

The News Vista

Share
Published by
The News Vista