Gross GST collections flat in Nov; taxable value of supplies up by 15% in Sept-Oct
Despite rate cuts for over 375 items under GST 2.0, November's GST collections stayed at Rs 1.70 lakh crore. However, overall collections increased by 1.3%, showing a boost in consumption. Cess collections decreased by 69.1%, but sectors with rate rationalisation, like FMCG, pharma, and automobiles, saw strong tax collection.