Due to increased demand over the holiday season, higher rates, and improved tax compliance, India's tax revenue from the sale of goods and services surged to Rs. 1.51 (US$ 18.29 trillion) in October.
As many as 83 million e-way bills were generated in September 2022 as opposed to 77 million in August 2022.
Next to April 2022, the revenue for October is the second-highest monthly collection. It is also the second time that the overall GST collection has surpassed the Rs. 1.50 trillion (US$ 18.17 billion) threshold.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.