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.
GST: India s Goods and Services Tax (GST) revenue sustained an annual increase but registered a three-month low in December. The Finance Ministry disclosed that GST collections in December stood at Rs 1.65 lakh crore, marking a 10.28 percent rise from the previous year. However, this figure was lower than both November s Rs 1.68 lakh crore and October s Rs 1.72 lakh crore, which was the second-highest collection post the GST implementation.
New Delhi: GST revenue collection for November 2023 has been impressive. The Central and state governments have collected Rs 1,67,929 crore in goods and services tax (GST) last month. According to the latest figures released by the Union Finance department, Andhra Pradesh has outpaced the neighbouring state Telangana, attaining 31 percent growth till the end of November