GST mop-up rises 10% to over Rs 1.62 lakh cr in Sep; crosses Rs 1.60 lakh cr mark 4th time in FY24

'GST mop-up rises 10% to over Rs 1.62 lakh cr in Sep; crosses Rs 1.60 lakh cr mark 4th time in FY24'


The revenue in September 2023 was 10 per cent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement.

Gross GST collection rose 10 per cent to over Rs 1.62 lakh crore in September, crossing the Rs 1.6 lakh crore mark for the fourth time during the current financial year.

Gross GST revenue collected in September was Rs 1,62,712 crore. Of this, Central GST was Rs 29,818 crore, State GST was Rs 37,657 crore, Integrated GST was Rs 83,623 crore (including Rs 41,145 crore collected on the import of goods) and cess was Rs 11,613 crore (including Rs 881 crore collected on the import of goods).

The revenue in September 2023 was 10 per cent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement.

"During the month, revenues from domestic transactions (including the import of services) are 14 per cent higher than the revenues from these sources during the same month last year. It is for the fourth time that gross GST collection has crossed Rs 1.60 lakh crore mark in FY 2023-24," it said.