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GST collection rises 7.3% to Rs 1.77 lakh crore
GST Collections Hit Rs 1.77 Lakh Crore In December 2024, Marking 7.3 Per Cent Year-On-Year Growth But Drop From Festive Season High
While the December collection was slightly lower than November’s Rs 1.82 lakh crore, which recorded an 8.5 per cent annual growth, it remains a robust indicator of economic activity. The highest-ever monthly GST collection was achieved in April 2024, crossing Rs 2.10 lakh crore.
GST mop-up falls to 3-month low of ₹1.76 lakh crore in December
GST collection at ₹1.76 lakh crore, showing 7% increase from last year; experts suggest measures to boost consumption.
Bumper 2024: GST collection rises 7.3% to Rs 1.77 lakh crore in December
During the month under review, GST from domestic transactions grew 8.4 percent to Rs 1.32 lakh crore, while revenues from tax on imports rose about 4 percent to Rs 44,268 crore. During the month, refunds worth Rs 22,
Net GST collections in December grow by 3.3%, reaching Rs 1.49 trillion
The gross GST collection, which is the amount before adjusting for refunds, rose by 7.3 per cent in December to Rs 1.76 trillion
GST collections 7.3% up in December, totaling Rs 1.77 lakh crore
India's GST revenue grew by 7.3% year-on-year in December, reaching Rs 1.77 lakh crore. Central GST was Rs 32,836 crore, State GST Rs 40,499 crore, In
GST collections in December increase 7.1% to Rs 1.76 lakh crore
During the financial year 2023-24, the total gross GST collection was recorded at Rs 20.18 lakh crore, with an 11.7 per cent increase compared to the previous fiscal year.
GST collection for December surges 7.3% YoY to ₹1.77L crore
Domestic transactions contributed the most to the GST collection, growing at 8.4% to ₹1.32 lakh crore. Revenues from imports also grew by 4%, contributing ₹44,268 crore to the collection. Despite the strong growth in December's GST collection, it was lower than November's ₹1.82 lakh crore which had recorded an 8.5% YoY growth.
GST Collection Jumps 7.3% To Rs 1.77 lakh Crore in December
The gross GST collection rose 7.3 per cent year-on-year to Rs 1.77 lakh crore in December despite significant increase in both domestic and export refunds. The Central GST collection stood at Rs 32,836 crore,
GST collections hit Rs 1.77 trillion in December 2024, up 7.3%: Govt
December 2024 GST reflects a 7.3% increase compared to the Rs 1.65 trillion collected in December 2023. However, they remain below the Rs 2.1 trillion peak recorded in April 2024
GST collection in December jumps 7.3% YoY to Rs 1.77 lakh crore; Check details
The gross goods and services tax (GST) collections in December 2024 stood at ₹1,76,857 crore, rising 7.3% compared to last year, according to the latest official data released on January 1, 2025.
GST collection rises 7.3 pc to Rs 1.77 lakh crore in December: Govt data.
India's goods and services tax (GST) revenue for December stood at Rs 1.77 lakh crore, marking a 7.3% increase compared to the same month last year, according to government data released on Wednesday.
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CBIC clarifies rules, says no GST applicable on pre-paid gift vouchers
The CBIC emphasised that transactions involving vouchers themselves, irrespective of their type, do not constitute the supply ...
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Net GST growth slumps to 3.3% in December, as revenues slow and refunds rise 45%
India's GST receipts growth slows to 3.3% in December, reflecting economic slowdown, with refunds and state variances ...
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How much GST did Indians pay in December 2024? Govt data says...
The Central GST (CGST) collection accounted for Rs 32,836 crore, State GST (SGST) for Rs 40,499 crore, Integrated GST (IGST) ...
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GST Collection Growth Amidst Economic Challenges
The gross GST collection in India rose by 7.3% year-on-year to Rs 1.77 lakh crore in December, despite a substantial rise in ...
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on MSN
GST annual return deadline is December 31: Why should you file it even if not liable to file one
The deadline to file GST annual return is December 31, 2024. There is a good argument as to why you should file GST annual ...
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Rajasthan duo booked in Pune on charge of Rs 496 crore GST fraud
Two men from Rajasthan, Dinesh Kumar and Virendra Kumar, along with others, have been booked for allegedly creating 54 bogus ...
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on MSN
Andhra Govt to introduce Biometric Face Authentication for GST registration
VIJAYAWADA: Andhra Pradesh Commercial Taxes Department, in collaboration with the Goods and Services Tax Network (GSTN), is ...
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