Why GST collections surged sharply in October

Gross Goods and Services Tax (GST) collections surged 13.4 per cent year-on-year in October (for sales in September) to Rs 1.72 lakh crore, the second-highest level since the July 2017 rollout of the indirect tax regime, data released by the Finance Ministry on Wednesday showed. A pickup in consumption and economic activity, along with settlement of disputes by businesses following a spate of noti…