Gross and Net GST Revenue Collections for the month of June 2024



Quick Summary
The Goods and Services Tax (GST) revenue for June 2024 showed a healthy increase compared to the previous year. Gross GST revenue reached £173,813 crore, marking a 7.63% rise. Net GST revenue also saw growth, totalling £153,867 crore, up by 6.28% year-on-year. This indicates a positive trend in tax collections for the period.

Gross and net GST revenue collections for the month of June, 2024 GST Gross and Net Collections (Amount in crores) Monthly Annual GST Collections June 23 June 24 % Growth YTD June 2023 YTD June 2024 % Growth A B C D = C/B-1 E F G = F/E-1 A.1. Domestic CGST 31,013 32,627 97,864 1,08,882 SGST 38,292 40,715
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FAQ :

The total gross GST revenue for June 2024 was £173,813 crore.

The net GST revenue for June 2024 amounted to £153,867 crore.

Gross GST revenue saw a growth of 7.63% in June 2024 compared to June 2023.

Net GST revenue grew by 6.28% in June 2024 compared to June 2023.

Gross domestic GST revenue for June 2024 was £132,800 crore, an increase of 9.36% year-on-year.

The total GST refund amount in June 2024 was £19,946 crore, an increase of 19.28% compared to the previous year.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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