Key Points
After the Goods and Services tax collections for September showed a yearly jump of 6.5 per cent, the experts in this domain have expressed optimism for the collections in the upcoming months, citing the continued festive season and the government's focus to ensure a stable revenue trajectory.Reuters..
However, experts believe this could be temporary and expect the festival season to boost economic growth...
While the GST revenues for the month may be a little underwhelming, considering the fact these collections relate to supplies in August, which is typically the beginning of the festive season buying spree, resulting in increased revenues, said MS Mani, Partner at Deloitte India...
Mani noted that GST revenues in the upcoming festive season will be closely monitored as an indicator of economic growth and its correlation with GDP figures..
While collections for this month havent shown significant increases, it is anticipated that next months collections should see a significant increase due to the upcoming festive season, he added...
