GST collection grew 9% to Rs 1.87 lakh crore in October

DELHI Delhi. Gross GST collections rose 9 per cent to over Rs 1.87 lakh crore in October due to higher revenue from domestic transactions. Central GST collection stood at Rs 33,821 crore, State GST at Rs 41,864 crore, Integrated GST at Rs 99,111 crore and cess at Rs 12,550 crore. Total gross Goods and Services Tax (GST) revenue rose 8.9 per cent to over Rs 1.87 lakh crore last month. The collection was Rs 1.72 lakh crore in October 2023.

GST from domestic transactions grew 10.6 per cent to Rs 1.42 lakh crore, while taxes on imports rose nearly 4 per cent to Rs 45,096 crore in October 2024. Refunds of Rs 19,306 crore were issued during the month, registering a growth of 18.2 per cent compared to the same period a year ago. Net GST collections, after adjusting for refunds, grew 8 per cent to over Rs 1.68 lakh crore.