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GST collection rises 10 per cent to Rs 1.62 lakh crore in September

GST collection rises 10 per cent to Rs 1.62 lakh crore in September

The gross GST revenue collected in the month of September 2023 is Rs1,62,712 crore. As per Ministry of Finance, this is the fourth time in the fiscal year 2023-24 that the GST collection have crossed Rs1.60 lakh crore mark indicating strong economic activity. The GST collection for the month of September 2023 are 10% higher than the GST collection in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 14% higher than the revenues from these sources during the same month last year.

As per the Ministry of Finance, Union Territory of Ladakh has the highest growth rate of GST collection at 81% followed by Manipur with 47% growth rate and on number 3 was Telangana with 33% growth rate.

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