Festival rush missing but net GST revenues up 11.1% in November amid sharp drop in refunds

Growth in Gross Goods and Services Tax (GST) revenues slowed to 8.5% in November from 8.9% in October, with the indirect tax receipts easing to a little over ₹1.82 lakh crore from ₹1.87 lakh crore in the previous month.

Prior to refunds, collections from domestic transactions were 9.4% higher and those from imports were up 5.9%. It must be noted that November’s tax receipts typically pertain to transactions undertaken in October when the festivals of Dipawali and Dussehra occurred. 

Read more at: The Hindu