GST collection rises 10% to Rs 1.63 lakh cr in September

GST postulation rises 10% to Rs 1.63 lakh cr successful September

Gross GST collections successful September 2023 stood astatine Rs 1,62,712 crore, which is 10 per cent arsenic compared to past year, according to the latest authoritative information released connected Sunday. This is the highest GST postulation ever successful a month.

The gross GST postulation during the archetypal fractional of FY 2023-24 ending September 2023 was Rs 9,92,508 crore, which is 11 per cent much than the Rs 8,93,334 crore reported a twelvemonth ago.

“The revenues for the period of September 2023 are 10 per cent higher than the GST revenues successful the aforesaid period past year. During the month, the revenues from home transactions (including import of services) are 14 per cent higher than the revenues from these sources during the aforesaid period past year. It is for the 4th clip that the gross GST postulation has crossed Rs 1.60 lakh crore people successful FY 2023-24,” the concern ministry said successful a statement.

The mean monthly gross postulation successful FY 2023-24 was Rs 1.65 lakh crore, which was 11 per cent higher than the mean monthly gross postulation successful FY 2022-23, which was Rs 1.49 lakh crore.

In September 2023, the gross GST gross collected was Rs 1,62,712 crore. According to the report, the CGST is Rs 29,818 crore, the SGST is Rs 37,657 crore, the IGST is Rs 83,623 crore (including Rs 41,145 crore collected connected import of goods), and the cess is Rs 11,613 crore (including Rs 881 crore collected connected import of goods).

This is breaking quality story. Check backmost for much details