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via thehindubusinessline.comEconomy

GST collection surged to ₹2.32 lakh crore in October

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

GST collection rose to ₹2.31 lakh crore in October, up ~23% YoY with strong domestic and import components and higher refunds.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong fiscal receipts signal solid domestic demand and imports, relevant for the Indian macro outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01GST collection rose to ₹2.31 lakh crore in October.
  2. 02The figure is up about 23% year on year.
  3. 03Domestic and import components were strong, with higher refunds.

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