India’s Goods and Services Tax (GST) collections rose to ₹1.77 lakh crore in December 2024, a 7.3% increase compared to ₹1.
65 lakh crore in December 2023, as per data released by the government. The breakdown of December’s GST collections includes ₹32,836 crore from the Central GST, ₹40,499 crore from the State GST, ₹47,783 crore from the Integrated GST, and ₹11,471 crore from cess. Revenue from domestic transactions grew by 8.
4% to ₹1.32 lakh crore, while tax collections from imports increased by 4% to ₹44,268 crore during the month. In November, the GST revenue stood at ₹1.
82 lakh crore, marking an 8.5% year-on-year growth. The highest-ever GST collection was recorded in April 2024, exceeding ₹2.
10 lakh crore..
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GST collections reach ₹1.77 lakh crore in December 2024
India’s Goods and Services Tax (GST) collections rose to ₹1.77 lakh crore in December 2024, a 7.3% increase compared to ₹1.65 lakh crore in December 2023, as per data released by the government. The breakdown of December’s GST collections includes ₹32,836 crore from the Central GST, ₹40,499 crore from the State GST, ₹47,783 crore from [...]