What record was achieved by India’s GST collections in

Q: Answer-What record was achieved by India’s GST collections in October 2024, and what was the primary driver...

October 2024 GST collections in India reached a record 1.87 lakh crore, primarily due to a 10.6 growth in domestic transactions, showing a robust recovery in economic activity.

October 2024, and what was the primary driver behind this growth?

A ₹1.5 lakh crore, driven by import growth Correct Answer Incorrect Answer

B ₹1.87 lakh crore, driven by strong domestic transactions Correct Answer Incorrect Answer

C ₹2 lakh crore, due to higher export-related collections Correct Answer Incorrect Answer

D ₹1 lakh crore, influenced by new GST rates Correct Answer Incorrect Answer

E ₹1.75 lakh crore, due to increased refunds Correct Answer Incorrect Answer

Solution

October 2024 GST collections in India reached a record ₹1.87 lakh crore, primarily due to a 10.6% growth in domestic transactions, showing a robust recovery in economic activity.

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