GST Collections Rise 10% To ₹1.75 Lakh Crore, Refund Issued Worth ₹24,460 Cr

In August 2024, domestic revenue grew 9.2 per cent to about Rs 1.25 lakh crore. Gross GST revenues from import of goods were up 12.1 per cent to Rs 49,976 crore. Refunds worth Rs 24,460 crore were issued during the month, registering an increase of 38 per cent over the year-ago period.

Add FPJ As a
Trusted Source GST Collections Rise 10% To ₹1.75 Lakh Crore, Refund Issued Worth ₹24,460 Cr
PTI Updated: Sunday, September 01, 2024, 05:53 PM IST
GST Collections Rise 10% To ₹1.75 Lakh Crore, Refund Issued Worth ₹24,460 Cr

Representational Image

New Delhi, Sept 1: Gross GST collections in August grew 10 per cent to about Rs 1.75 lakh crore, according to government data released on Sunday.

Goods and Services Tax (GST) revenues in August last year were Rs 1.59 lakh crore, while in July the mop-up was Rs 1.82 lakh crore.

In August 2024, domestic revenue grew 9.2 per cent to about Rs 1.25 lakh crore. Gross GST revenues from import of goods were up 12.1 per cent to Rs 49,976 crore.

Refunds worth Rs 24,460 crore were issued during the month, registering an increase of 38 per cent over the year-ago period.

After adjusting refunds, net GST revenue increase was 6.5 per cent at Rs 1.5 lakh crore during the month under review.

Published on: Sunday, September 01, 2024, 05:53 PM IST

RECENT STORIES