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Data▲ Bullish for Indian equities
September GST collections rise 14.7% to ₹2.04 trillion
The brief
- Import-linked revenue rose nearly 26%, accounting for more than half of the increase
- Domestic GST collections rose 10.1% to about ₹1.38 lakh crore
- Strong capex, high tax collections are keeping India's fiscal risks in check: Axis Capital
- India's September goods and services tax collection rises 14.7% from a year ago
- Fiscal path hinges on direct taxes as customs, excise revenues face pressure: Report
- Capital expenditure grew by 18% during Apri-August
- The week ahead in numbers: Factory growth, GST collections, vehicle sales
September GST collections
Gross GST collections rose 14.7% year-on-year to about ₹2.04 lakh crore in September; net revenue increased 18.1% to ₹1.77 lakh crore. Import collections rose 26% and domestic collections 10.1%, with state-wise growth ranging from Assam’s 88% rise to Tamil Nadu’s 5% fall.
Thursday, 1 October
- September GST collections rise 14.7% to ₹2.04 trillion