The gross goods and services tax (GST) collections came in at Rs 1.96 lakh crore in October, (September transactions), recording a year-on-year growth of 4.6%, according to official data released on Saturday. An annual growth in gross receipts of the indirect tax could be achieved, despite massive cuts in tax rates for around 380 items, including automobiles and consumer durables, taking effect in the later half of September.

The October collections were in absolute terms higher than both in September and August (Rs 1.89 lakh crore and Rs 1.86 lakh crore respectively) and at the same level as in July.

The annual growth in gross receipts in October is the lowest since June 2021 (2%), in the peak Covid period. The lower growth in collections was largely expected as the inevitable tempor

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