GST collection grows 9% to Rs 1.87 lakh cr in Oct

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GST postulation grows The full gross Goods and Services Tax (GST) gross grew 8.9 per cent to implicit Rs 1.87 lakh crore past month.

Gross GST postulation grew 9 per cent to implicit Rs 1.87 lakh crore successful October connected higher revenues from home transactions.

The Central GST postulation stood astatine Rs 33,821 crore, State GST astatine Rs 41,864 crore, Integrated IGST astatine Rs 99,111 crore and cess astatine Rs 12,550 crore.

The full gross Goods and Services Tax (GST) gross grew 8.9 per cent to implicit Rs 1.87 lakh crore past month. In October 2023, the mop-up was astatine Rs 1.72 lakh crore.

GST from home transactions grew 10.6 per cent to Rs 1.42 lakh crore, portion taxation connected imports roseate astir 4 per cent to Rs 45,096 crore during October 2024.

Refunds worthy Rs 19,306 crore were issued during the month, registering 18.2 per cent maturation implicit the year-ago period.

After adjusting refunds, nett GST postulation grew 8 per cent astatine implicit Rs 1.68 lakh crore.

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