The Goods and Services Tax (GST) regime in India has seen a significant milestone as monthly collections surpass the Rs 1.60 lakh crore mark for the fifth time. This achievement signals a new normal in GST revenues, indicating a sustained and robust growth trend. The consistent crossing of this threshold reflects the effectiveness of the GST system and its anti-evasion measures in bolstering tax compliance and revenue generation. As a crucial indirect tax, GST continues to play a pivotal role in India’s fiscal landscape, contributing to the nation’s economic growth and development.
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