Tag: GST

GST collections hit Rs 1.78 lakh crore in April 2023-March 2024

2Apr

By editor3No Comments

Feature, National News

GST collections hit Rs 1.78 lakh crore in April 2023-March 2024

GST collections in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the finance ministry said on Monday. The gross GST collection for the last fiscal (April 2023-March 2024) stood at Rs 20.14 lakh crore, 11.7 per cent higher than the mop-up in the preceding fiscal. The average monthly gross collection for FY24 stood at Rs 1.68 lakh crore, exceeding Rs 1.5 lakh crore in the preceding fiscal.

₹1,61,497 crore gross GST revenue collected for June 2023; records 12% Year-on-Year growth

1Jul

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Business News, Feature

₹1,61,497 crore gross GST revenue collected for June 2023; records 12% Year-on-Year growth

New Delhi, July 01, 2023. India's gross GST revenue collection in the month of June stood at Rs 1,61,497 crore, registering a rise of 12 per cent on a year-on-year basis. India, in April, saw a record-high GST collection of Rs 1.87 lakh crore and Rs 1,57,090 crore in May. Gross GST collection crossed Rs 1.6 lakh crore mark for 4th time since inception of GST, Rs 1.4 lakh crore for 16 months in a row and Rs 1.5 lakh crore 7 times since inception, said government. "The gross GST revenue collected in the month of June, 2023 is Rs 1,61,497 crore of which CGST is Rs 31,013 crore, SGST is Rs 38,292 crore, IGST is Rs 80,292 crore (including Rs 39,035 crore collected on import of goods) and cess is Rs 11,900 crore (including Rs 1,028 crore collected on import of goods). The ...