GST collection crosses 1 Lk Cr mark in Oct; positive sign for the economy

GST collection has now crossed the 1Lk Cr mark. The GST revenue collected in the month of October is over Rs 1 Lk Cr. This comes at a time when the country is trying to revive the economy amidst the pandemic. Times Now's Heena Gambhir explains this as a green shoot in the economy.

GST collections rising is an indicator that on the ground, some kind of demand recovery has started happening and the businesses are getting back on their track. These are, however, early signs but are also positive signs. It is the first time since February, that the GST collections have crossed the 1 Lk mark.