Saturday , November 23 2024

GST collection increased by 9 percent in October during the festive season

The total GST collection has been ₹1,87,346 crore, of which ₹19,306 crore has been issued as GST refund.

Refunds worth Rs 16,335 crore were issued in the month of October of the last financial year. That means there has been an increase of 18.2 percent in refunds in the month of October.

Gross and net collection data has been released. The total GST revenue for this month was ₹1.87,346 crore.

CGST revenue was ₹33,821 crore, SGAC revenue was ₹41,864 crore, IGST ₹54,878 crore and Cess ₹11,688 crore.

There has been a jump of 10.6 percent in total domestic revenue. On the import front, IGST generated ₹44,233 crore and Cess generated ₹862 crore.