2nd highest monthly GST in 6 years of GST implementation. Revenue received in October. This is 13 percent higher than the same month last year. GST The Goods and services Tax system came into effect from 1st July 2017. According to this, the goods and service tax collection account is published every month. According to the finance ministry, the GST collection in october was Rs 1.72 lakh crore. According to the Central Finance Ministry's release today, the 2nd highest monthly GST in the 6 years since the implementation of GST across the country. The revenue is said to have been received in October.
GST The revenue in october was Rs 1,72,003 crore. According to the Ministry of Finance, central GST was Rs 30,062 crore, state GST was Rs 38,171 crore and integrated GST was Rs 91,315 crore. Consolidated GST includes Rs 1,294 crore received as import duty. Earlier it collected Rs.1.87 lakh crore in april 2023. That is the highest GST revenue in a single month so far.
Total GST revenue for october 2023 is 13 percent higher than the previous year. Similarly, revenue from domestic transactions has also increased by 13 percent over the previous year. The average monthly gross GST collection for FY 2023-24 is Rs 1.66 lakh crore. This is 11 percent higher than the corresponding period of the previous financial year.
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