Why GST revenues are booming

The GST revenue numbers that are released on the first day of every month have become barometers to assess the state of the Indian economy. The numbers for February 2024 are filled with positivity. The gross Goods and Services Tax (GST) revenue collected is Rs 1,68,337 crore, marking a robust 12.5% increase compared to that in the same month in 2023. This growth was driven by a 13.9% rise in GST f…