GST Collection Rises 10% To Over Rs 1.62 Lakh Crore In September

New Delhi: Gross GST collection rose 10 percent 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 last month 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 import of goods) and cess was Rs 11,613 crore (including Rs 881 crore collected on import of goods). (Also Read: Samsung Galaxy S23 FE Has THIS BIG SIMILARITY With Apple iPhones; Will Be Launched On...)

The revenue in September 2023 was 10 percent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement. (Also Read: Tips And Tricks: Your Smartphone's Storage Running Out Of Space? Here're Best Ways To Free Up)

"During the month, revenues from domestic transactions (including import of services) are 14 percent 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 the Rs 1.60 lakh crore mark in FY 2023-24," it said.