Net GST collection growth slumps to 3.3% in December:

Net GST collection growth slumps to 3.3% in December:

Daily Current Affairs   /   Net GST collection growth slumps to 3.3% in December:

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Category : Business and economics Published on: January 03 2025

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  • India’s gross Goods and Services Tax (GST) receipts increased at the second-slowest pace in 43 months in December, while growth in net GST collections, after adjusting for refunds, slumped to 3.3%, the weakest in financial year 2024-25.
  • Growth has only slumped to these levels twice in over three-and-a-half years: in June 2024, when gross receipts rose 7.3%; and this September, when growth hit a 40-month low of 6.5%.
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