GST Revenues Up 9% To Rs1.87 Trn In October

New Delhi: Gross GST collection in October rose nine per cent to over Rs1.87 lakh crore, the second-highest ever, on pick-up in domestic sales and improved compliance. The Central GST collection stood at Rs33,821 crore, State GST at Rs41,864 crore, Integrated IGST at Rs99,111 crore and Cess at Rs12,550 crore during the month. As per the government data released on Friday, the total gross Goods and Services Tax (GST) revenue grew 8.9 per cent to Rs1,87,346 crore.

In October 2023, the mop-up was at Rs1.72 lakh crore. October 2024 recorded the second-best GST mop-up. The highest ever collection was in April 2024 at over Rs2.10 lakh crore. During the month under review, GST from domestic transactions grew 10.6 per cent to Rs1.42 lakh crore, while revenues from tax on imports rose about 4 per cent to Rs45,096 crore.