Quick Summary
GST revenue growth rate slowed to 6.5% in September, with collections totalling Rs 1.73 lakh crore, according to government data released on Tuesday. This marks a slight decline compared to August 2024, when GST revenue stood at Rs 1.75 lakh crore. The slower growth is attributed to a reduction in c
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FAQ :
Total GST collections in September amounted to Rs 1.73 lakh crore.
The GST collection growth rate in September was 6.5%.
The slower growth was attributed to a reduction in collections from both domestic transactions and the import of goods.
GST revenues for September 2023 were Rs 1.63 lakh crore, meaning this September represents a year-on-year growth of Rs 10,000 crore.
Tax experts are optimistic that the upcoming festive season will drive higher collections and provide a boost to revenue figures.
For the April-September period of FY2024-25, GST collections grew by 9.5%, exceeding Rs 10.87 lakh crore.
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