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GST Soars to New Heights Rs 1.49 Lakh Crore Collection Signals Economic Boom
GST Soars to New Heights Rs 1.49 Lakh Crore Collection Signals Economic Boom The Indian economy has hit a high note, with the Goods and Services Tax (GST) collections reaching a record-breaking Rs 1.49 lakh crore in November 2023. This significant jump, over 11% higher than the corresponding period last year, paints a vibrant picture of economic revival and sends a ripple of optimism across the nation. This phenomenal rise in GST collections can be attributed to several factors: Festive Season Buoyancy: The festive season in India traditionally witnesses a surge in consumer spending, and this year seems to be no different. With Diwali and its associated celebrations right around the corner, businesses have…