GST Collections: India s Goods and Services Tax (GST) revenue has witnessed a notable upswing, reaching ₹1.72 lakh crore in January 2024, marking a significant 10.4% Year-on-Year (Y-o-Y) growth. This accomplishment represents the second-highest monthly collection ever recorded and the third instance in the fiscal year 2023-24 where collections surpassed ₹1.70 lakh crore. The cumulative gross GST collection for the ten-month period from April 2023 to January 2024 demonstrates a robust 11.6% Y-o-Y growth, totaling ₹16.69 lakh crore.
Easybiz on Moneycontrol will help SME business for GST Accounting & Filing online, Payment reconciliation and many more. We are pioneer in GST Accounting & Return Filing, GST Services, GST Registration, create invoices, send payment reminders etc.
Despite this, the corporation has confirmed that this development won t notably affect its financial standing, operations or overall activities, , lic india, GST Tax