GST Collections Surge 7% to ₹1.77 Trillion Despite 13.5% Rise in Refunds

India’s GST collections soared to ₹1.77 trillion in December, marking a 7% year-on-year increase despite a notable 13.5% rise in refunds. The surge reflects robust economic activity and improved tax compliance measures. Experts attribute the growth to strengthened enforcement, digitalization, and increased consumer spending during the festive season. The GST performance underscores the resilience of the Indian economy, setting a positive tone for the new year while ensuring steady revenue inflows for developmental projects.

Source: Economic Insights Today