Quick Summary
Rs 1,68,337 crore gross GST revenue collected during February 2024; records Year-on-Year (Y-o-Y) growth of 12.5% Average monthly gross collection for FY2023-24 is Rs 1.67 lakh crore, exceeding Rs 1.5 lakh for FY2022-23 Gross GST collection reaches Rs 18.40 lakh crore for FY2023-24, grows 11.7% Y-o-Y Net revenue at Rs 1.51 lakh crore is up 13.6% for the month and up by 13% for the year at Rs 16.36 lakh crore Gross Goods and Services Tax (GST) revenue collected for February 2024 is Rs 1,68,3
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FAQ :
The gross GST collection in February 2024 was £1,68,337 crore.
GST collections in February 2024 saw a year-on-year growth of 12.5%.
The growth was driven by a 13.9% increase in GST from domestic transactions and an 8.5% increase in GST from the import of goods.
The net GST revenue after refunds for February 2024 was £1.51 lakh crore, a 13.6% increase over the same period last year.
The total gross GST collection for the fiscal year 2023-24, as of February 2024, is £18.40 lakh crore.
The average monthly gross GST collection for FY 2023-24 is £1.67 lakh crore.
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