News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

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

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

Source: PTI
November 01, 2024 17:19 IST
Get Rediff News in your Inbox:

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

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

The total gross Goods and Services Tax (GST) revenue grew 8.9 per cent to over Rs 1.87 lakh crore last month.

 

In October 2023, the mop-up was at Rs 1.72 lakh crore.

GST from domestic transactions grew 10.6 per cent to Rs 1.42 lakh crore, while tax on imports rose about 4 per cent to Rs 45,096 crore during October 2024.

Refunds worth Rs 19,306 crore were issued during the month, registering 18.2 per cent growth over the year-ago period.

After adjusting refunds, net GST collection grew 8 per cent at over Rs 1.68 lakh crore.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Related News: State GST, IGST
 

Moneywiz Live!