GST Collection surges 10% to over Rs 1.62 lakh crore in September
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The finance ministry has said gross goods and services tax (GST) collection rose 10 percent to over Rs 1.62 lakh crore in September 2023, crossing the Rs 1.6 lakh crore mark for the fourth time during the current financial year (FY24), as compared to Rs 1.47 lakh crore in September 2022.
The ministry stated that gross GST revenue collected was Rs 1,62,712 crore in September. Of this, Central GST was Rs 29,818 crore, State GST was Rs 37,657 crore, Integrated GST was Rs 83,623 crore (including Rs 41,145 crore collected on import of goods) and cess was Rs 11,613 crore (including Rs 881 crore collected on import of goods).
Further, it said during the month, revenues from domestic transactions (including import of services) are 14 percent higher than the revenues from these sources during the same month last year.
