GST at Rs 2.42 Lakh Crore: Import-Driven Growth Masks Weak Domestic Demand
Gross GST collections in April stood at Rs 2,42,702 crore, marking an 8.7 per cent year-on-year increase. Reacting to the data, Saurabh Agarwal, Tax Partner at EY India, said, "The robust surge in GST collections underscores the fundamental resilience of the Indian consumption story." However, he flagged a divergence within the data, noting that "while the headline numbers are encouraging,…
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