Goods and services tax collections rose 11.6% in December to reach a record Rs 1.15 lakh crore on the back of higher demand, partly due to Diwali, improved compliance, and higher prices of some goods. It also marks three straight months of over Rs 1 lakh crore collections. What seems to have helped was record monthly filing of returns, estimated at 87 lakh, which was 7% higher than December 2019.
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