GST mop-up in Oct up 9% at ₹1.87 tn, second-best ever
Business Standard|November 02, 2024
Numbers aided by pickup in sales, improved compliance

Gross GST collection in October rose 9 per cent to over ₹1.87 trillion, the second-highest ever, on pickup in domestic sales and improved compliance.

Central GST collection stood at ₹33,821 crore, state GST at ₹41,864 crore, integrated GST at ₹99,111 crore, and cess at ₹12,550 crore during the month.

According to the government data released on Friday, gross goods and services tax (GST) grew 8.9 per cent to ₹1.87 trillion crore. In October 2023, the mop-up was at ₹1.72 trillion.

October 2024 recorded the second-best GST mop-up. The highest ever collection was in April 2024 at over ₹2.10 trillion.

During the month under review, GST from domestic transactions grew 10.6 per cent to ₹1.42 trillion, while revenues from tax on imports rose about 4 per cent to ₹45,096 crore.

هذه القصة مأخوذة من طبعة November 02, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 02, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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