GST collection jumps 7.7% to ₹1.74 lakh crore in June

India's gross GST collection rose to Rs 1.74 lakh crore in June this year, which represents a 7.7 per cent increase over the same month last year, according to sources.

This takes the total GST (goods and services tax) mopup for the first three months of the current financial year to Rs 5.57 lakh crore. In April 2023, GST collection had soared to a record high of Rs 1.87 lakh crore.

GST collections have been rising steadily reflecting the country's robust economic growth and high tax compliance.

The GST regime, which completed seven years of implementation on Monday, has brought happiness and relief to every home through reduced taxes on household appliances and mobile phones, the finance ministry said on Monday.