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That is the second highest month-to-month gross GST assortment.
“This surge was pushed by a major rise in GST collections from home transactions at 17.6%,” the finance ministry stated in a press release.
The common month-to-month assortment for this fiscal yr stands at Rs 1.68 lakh crore, surpassing the earlier yr’s common of Rs 1.5 lakh crore.
“Sturdy Constant Efficiency in FY 2023-24: FY 2023-24 marks a milestone with whole gross GST assortment of Rs. 20.14 lakh crore exceeding Rs 20 lakh crore, a 11.7% improve in comparison with the earlier yr,” the assertion stated.
GST income web of refunds as of March 2024 for the present fiscal yr is Rs 18.01 lakh crore which is a progress of 13.4% over similar interval final yr.Of the entire collections, Central Items and Companies Tax (CGST) stood at Rs 34,532 crore, State Items and Companies Tax (SGST) was Rs 43,746 crore and Built-in Items and Companies Tax (IGST) was Rs 87,947 crore, together with Rs 40,322 crore collected on imported items.The Cess collections stood at Rs 12,259 crore, together with Rs 996 crore collected on imported items.
