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.
This story is from the November 02, 2024 edition of Business Standard.
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This story is from the November 02, 2024 edition of Business Standard.
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