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Global Business News

The Economic Times

Global Business / The Economic Times

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Despite rate reset, GST collection rises on strong consumption

India's Goods and Services Tax collections ended the fiscal year strongly. March collections surpassed two lakh crore rupees for the third time. This indicates robust consumption despite rate reductions. Import-linked revenues drove much of this growth. Experts remain cautious for the coming months due to global turmoil. Rising crude oil prices pose a risk.

2 Apr 2026 12:15 am