India Reports High April GST Collections
India's economic activity saw an acceleration in April despite supply constraints for crude oil and gas caused by the ongoing conflict in the Middle East. A flash survey conducted by HSBC Holdings Plc confirmed this trend on Thursday. The growth suggests resilience in the Indian market despite regional geopolitical volatility. Gross-central Goods and Services Tax (GST) collection in April exceeded 52,000 crore rupees. State GST collection amounted to more than 61,300 crore rupees. The gross-integrated GST (iGST) collection reached 1,29,232 crore rupees. Additionally, prices for 19 kg commercial LPG cylinders have increased, according to the report.
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Sources · 7 independent
Bluesky Social
“India’s economic activity accelerated in April despite the Middle East war choking supplies of crude oil and gas, a flash survey by HSBC Holdings Plc showed Thursday.”
AIR News 24x7
“The Gross-Central GST collection in April glossed out over 52,000 crore rupees and state GST was more than 61,300 crores. The gross-integrated GST, iGST, collection amounts to 1,29,232 crore rupees.”
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