Categories: Business

GST collections rise 2.2% to stand at Rs 1,62,712 crore in September

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The gross GST income for September rose 2.2 per cent to Rs 1,62,712 crore from Rs 1,59,069 crore in August. Out of the Rs 1,62,712 crore GST collections for September, CGST was Rs 29,818 crore, SGST was Rs 37,657 crore, IGST was Rs 83,623 crore (together with Rs 41,145 crore collected on import of products) and cess was Rs 11,613 crore (together with Rs 881 crore collected on import of products).

The federal government settled Rs 33,736 crore to CGST and Rs 27,578 crore to SGST from IGST. The overall income of Centre and the states in September after common settlement was Rs 63,555 crore for CGST and Rs 65,235 crore for the SGST.

It’s for the fourth time that the gross GST assortment has crossed Rs 1.60 lakh crore mark in 2023-24. The gross GST assortment for the primary half of 2023-24 ending September (Rs 9,92,508 crore) is 11 per cent greater than the gross GST assortment within the first half of 2022-23 (Rs 8,93,334 crore).

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Amirul

CEO OF THTBITS.com, sharing my insights with people who have the same thoughts gave me the opportunity to express what I believe in and make changes in the world.