Net goods and services tax (GST) collections in September grew at the slowest pace in the current financial year (2024-25/FY25), increasing by 3.9 per cent to ₹1.5 trillion amid high refunds, according to provisional data released by the government on Tuesday.
The gross GST collection, which is the amount before adjusting for refunds, grew by 6.5 per cent in September to ₹1.7 trillion. This marks the second consecutive month of single-digit growth in collections and the slowest increase seen in 39 months.
Cumulatively, from April through September, the growth in total gross GST collection fell to a single digit of 9.5 per cent, down from the 10.1 per cent growth recorded until last month (April-August). The September figures reflect goods and services transactions related to August.
Bu hikaye Business Standard dergisinin October 02, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin October 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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