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      Question

      What is the year-on-year (YOY) growth rate for the Goods

      and Services Tax (GST) for June 2024?
      A 5.25% Correct Answer Incorrect Answer
      B 6.50% Correct Answer Incorrect Answer
      C 7.70% Correct Answer Incorrect Answer
      D 8.00% Correct Answer Incorrect Answer
      E 9.20% Correct Answer Incorrect Answer

      Solution

      The GST collection for June 2024 grew by 7.7% compared to June 2023, reaching ₹1.74 lakh crore. The slower growth is attributed to a deceleration in economic activity and lower imports, despite strong domestic consumption and compliance efforts by the tax authorities.

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