October GST Collections

From April to October 2024, gross GST collections on a year-to-date basis reached Rs 12.74 trillion, marking a 9.4 per cent increase compared to Rs 11.64 trillion during the same period last year

With this, the average gross monthly GST collection in FY24 now stands at Rs 1.66 trillion, an 11 per cent increase year-on-year, the ministry observed

Average gross monthly GST collection in FY24 now stands at Rs 1.66 trillion, 11 per cent higher Y-o-Y, said the Ministry of Finance on Wednesday

Finance ministry expects positive trend to continue and H2 to post higher revenues; says constant rise in collection in the past five months indicates faster economy recovery

This is the third consecutive month when GST mop-up remained below the Rs 1 trillion mark, despite October being a festive month