According to a government announcement, India’s goods and services tax receipts increased 15% year over year in December to Rs 1.49 lakh crore ($18.07 billion), suggesting robust economic activity throughout the holiday season. In November, revenue from goods and services taxes totaled Rs. 1.46 lakh crore.
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According to a statement from the Finance Ministry, revenue from imports of products was 8% higher during the month and revenue from domestic transactions, including imports of services, was 18% greater than it was during the same month the previous year. 7.9 crore e-way bills were produced in November 2022, a number that was much higher than the 7.6 crore produced in October 2022.
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