April GST hits record Rs 2.43 lakh crore, up 8.7%; GST 2.0 cushions consumption
April GST collection rose 8.7% YoY to a record Rs 2.43 lakh crore. Domestic GST climbed 4.3% to Rs 1.85 lakh crore while import GST jumped 25.8% to Rs 57,580 crore. Experts say GST 2.0 rate rationalisation is supporting consumption without eroding the tax base, a positive category-level read on Indian retail demand.
April GST collection hit a record Rs 2.43 lakh crore, up 8.7% YoY. Experts note GST 2.0 rate rationalisation is supporting consumption without eroding the tax base, a category-level signal for Indian retail demand.