Impact of GST rate cuts on India's economy
India’s goods and services tax collections eased to a 12-month low in November, reflecting the impact of recent policy shifts and a normalising economic cycle. Provisional data showed revenues at Rs 1.7 lakh crore, a sharp pullback from Rs 1.96 lakh crore in October. The month’s annual growth of 0.7 percent was the slowest since the pandemic.
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