GST collections up 12.54% in February 2024
9 months, 3 weeks ago

GST collections up 12.54% in February 2024

The Hindu  

India’s gross revenues from the Goods and Services Tax grew at a three-month high pace of 12.54% in February to cross ₹1.68 lakh crore, marking the fourth-highest monthly collections from the tax. February’s GST revenue growth reflected the third highest uptick in 2023-24 and lifted the total collections so far this year to ₹18.4 lakh crore, 11.7% above the same period last year. State-wise data After refunds, the Ministry pegged last month’s GST collection at ₹1.51 lakh crore, 13.6% over February 2023’s collections. Compensation cess collections February’s gross GST intake included ₹31,785 crore of Central GST, ₹39,615 crore of State GST and ₹84,098 crore of Integrated GST or IGST, of which ₹38,593 crore was collected on imported goods.

History of this topic

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