GST collection in September crosses Rs 1.17 lakh crore

GST collections topped Rs 1.17 lakh crore in September, which was 4.5% more than the previous month and 22.5% higher than a year ago. While economic indicators have been showing a steady increase, GST collections have remained over Rs 1 lakh crore, barring a surprise fall in collections in August over July. But the latest number, based on transactions in August, indicates that the previous month’s numbers were a blip.

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