GST collections cross ₹1.5 lakh crore

GST collections in October cross ₹1.5 lakh crore

– Nothing is more encouraging than the GST collection figures released recently by the Finance Ministry. – This indicates that the stagnation in the economy created by the COVID-19 disruption is behind us and India is heading for a robust economic recovery.

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– The amount of GST income received in October was the second-highest ever, trailing only the amount in April 2022. – The government received 1,51,718 crore rupees in revenue n October. – The GST revenue for the month of October was predicted by vakilsearch to exceed Rs 1.5 lakh crore on Monday.

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CGST - 26,039 crore SGST - 33,396 crore IGST - 81,778 crore CESS - 10,505 crore – These includes Rs 40,087 crore collected on import of goods. – The combined revenue for the centre and the states in October was Rs 74,665 crore and Rs 77,279 crore, respectively, after regular payments.

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GST collections in October cross ₹1.5 lakh crore

– Nothing is more encouraging than the GST collection figures released recently by the Finance Ministry. – This indicates that the stagnation in the economy created by the COVID-19 disruption is behind us and India is heading for a robust economic recovery.

GST

GST Revenue

CGST - 26,039 crore SGST - 33,396 crore IGST - 81,778 crore CESS - 10,505 crore – These includes Rs 40,087 crore collected on import of goods. – The combined revenue for the centre and the states in October was Rs 74,665 crore and Rs 77,279 crore, respectively, after regular payments.

GST Collection

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