GST Collection In August Jumps 10% To Rs 1.74 Lakh Crore, Check Details

Gross GST collection in August 2024 taped a 10 percent dive to Rs 1,74,962 crore, according to the most up to date main information launched on Sunday.

The nation’s earnings from the items and solutions tax obligation (GST) had actually stood at Rs 1,59,069 crore in August 2023.

The GST reimbursements throughout August 2024 stood at Rs 24,460 crore. After readjusting the reimbursements, India’s web GST collection increased 6.5 percent to Rs 1,50,501 crore in August 2024, compared to Rs 1,41,346 crore a year back.

During the April-August 2024 duration, gross GST earnings increased 10.1 percent to Rs 9,13,855 crore. The web GST stood at Rs 8,06,475 crore, a 10.2 percent up year-on-year.

State- smart, Maharashtra gathered the highest possible GST at Rs 26,367 crore, complied with by Karnataka (Rs 12,344 crore), Gujarat (Rs 10,344 crore), Tamil Nadu (Rs 10,181 crore), and Haryana (Rs 8,623 crore), according to the most up to date main information. These state-wise collection numbers do not consist of GST on the import of items.