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regular-article-logo Saturday, 07 December 2024

Goods and Services Tax collection grows 9% to Rs 1.87 lakh crore in October

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

PTI New Delhi Published 01.11.24, 04:40 PM
Representational image.

Representational image. Shutterstock

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.

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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.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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