look news india
GST collection From this point of view, the month of October has been excellent for the government. According to the data released by the government on Friday, the total GST collection in the month of October stood at Rs 1.87 lakh crore. Which is the highest in 6 months. Let us tell you, this is the eighth consecutive month when GST collection has been more than Rs 1.70 lakh crore.
A year ago, the total GST collection in the month of October was Rs 1.72 lakh crore. If seen on annual basis, there has been an increase of 8.9 percent in GST collection. At the same time, GST collection has increased by 8.1 percent on month-on-month basis.
The average monthly GST collection in the second quarter of the current financial year stood at Rs 1.77 lakh crore. The average monthly GST collection in the first quarter was Rs 1.86 lakh crore.
The last few months have not been good
The increase in GST collection is good news from the government's point of view. The last few months have not been good from the GST collection point of view. GST revenue stood at 6.5 percent in the month of September. Which was the lowest level after Covid-19.
How much has been the GST collection so far this year?
The total GST collection so far in 2024 has been Rs 12.74 lakh crore. In 2023, till the month of October, GST collection of Rs 11.64 lakh crore was done. GST collection has increased by 9.4 percent on annual basis. Let us tell you, the highest GST collection of Rs 2.10 lakh crore was made in the month of April this year.
GST collection of Rs 20.18 lakh crore was done during the financial year 2023-24. GST collection increased by 11.7 percent on annual basis. An average of Rs 1.5 lakh crore was collected every month.
