India's tax coffers continue to swell, with the Gross Goods and Services Tax (GST) collections for October 2024 reaching a staggering Rs 1.87 lakh crore.

• This represents a 9% year-on-year increase, solidifying its position as the second-highest monthly collection ever recorded.
• The robust performance can be attributed to a confluence of factors, including the festive season's positive impact on consumer spending, a surge in domestic sales, and improved compliance measures.
• The breakdown of the GST collections is as follows: Central GST stood at Rs 33,821 crore, State GST at 41,864 crore, Integrated IGST at Rs 99,111 crore and cess at Rs 12,550 crore.