Quick Summary
GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ?1.72 lakh crore; records increase of 13% Y-o-Y Revenue from domestic transactions (including import of services) is also 13% higher Y-o-Y Average gross monthly GST collection in FY 2023-24 now stands at ?
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FAQ :
The total GST revenue collected in October 2023 was £1,72,003 crore.
The October 2023 collection is the second highest on record, surpassed only by April 2023.
GST revenue for October 2023 showed a 13% increase compared to October 2022.
Revenue from domestic transactions, including the import of services, was also 13% higher year-on-year.
The average gross monthly GST collection for FY 2023-24 stands at £1.66 lakh crore, an 11% increase year-on-year.
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