Quick Summary
Goods and Services Tax (GST) revenue for November 2024 is expected to surpass October's collection of Rs 1.87 lakh crore, according to a senior government official. This would make it the second-highest monthly GST collection since the tax regime's inception in 2017. "So far, approximately Rs 1.70
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FAQ :
GST revenue for November 2024 is projected to slightly exceed Rs 1.87 lakh crore, making it the second-highest monthly collection since the tax regime began in 2017.
The increase is primarily driven by robust domestic sales during the festive season in October and enhanced imports in the latter part of October.
Collections from major states like Maharashtra and Jharkhand are pending due to ongoing elections, which have delayed some filings.
Yes, GST revenue has remained above Rs 1.7 lakh crore for eight consecutive months, indicating strong economic recovery and improved compliance.
The highest monthly collection was Rs 2.1 lakh crore in April 2024, followed by Rs 1.87 lakh crore in October 2024.
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