GST collection spikes to ₹1.68 trillion

GST collection spikes to ₹1.68 trillion


As of Feb '24 GST revenue reached  ₹1,68,337 crore, marking a 12.5% Year on Year increase. Total Domestic transactions contributed a 13.9% rise, and imports added an impressive 8.5% boost.

April-Feb '24 records a gross GST collection of ₹18.40 trillion, marking an impressive 11.7% YoY growth. Average monthly collections surpass ₹1.67 trillion, exceeding the previous fiscal year.

GST revenue net of refunds as of February 2024 hits ₹1.51 trillion, showcasing a stellar 13.6% growth when compared to the last year February 2023.  

Highest-ever GST collection was recorded at ₹1.87 lakh crore in April 2023, followed by ₹1.74 lakh crore in January 2024, & ₹1.72 lakh crore in October 2023. February 2024, came in at ₹1.68 lakh crore

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