GST Collection for September 2023 Cross Rs 1.6 Trillion, Records 10% YoY Growth


Quick Summary
Goods and Services Tax (GST) revenue for September 2023 reached an impressive ₹1,62,712 crore, marking a significant 10% increase compared to the same period last year. This is the fourth time in the current fiscal year that collections have surpassed the ₹1.60 lakh crore milestone. Overall GST collections for the first half of the fiscal year show an 11% year-on-year growth.

₹1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth GST collection crosses ₹1.60 lakh crore mark for the fourth time in FY 2023-24 ₹9,92,508 crore gross GST collection for the first half of FY 2023-24 marks 11% Y-o-Y growth Average monthly gross GST collection in FY 2023-24 at Rs. 1.65 lakh crore with 11% Y-o-Y growth The gross GST revenue collected in the month of September, 2023 is₹1,62,712 croreout of which CGST is₹29,818 crore, SGST is₹37,
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FAQ :

The total gross GST revenue collected in September 2023 was ₹1,62,712 crore.

The GST revenues for September 2023 are 10% higher than those recorded in September 2022.

GST collection has crossed the ₹1.60 lakh crore mark for the fourth time in the fiscal year 2023-24.

The gross GST collection for the first half of FY 2023-24 shows an 11% year-on-year growth.

The average monthly gross GST collection in the first half of FY 2023-24 was ₹1.65 lakh crore.




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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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