GST Revenue Hits Record Rs 1.72 Lakh Crore during Jan 2024, Surges by 10.4% YoY



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Gross Goods and Services Tax (GST) revenue reached a record high of £1.72 lakh crore in January 2024. This represents a significant 10.4% year-on-year growth compared to January 2023. This collection marks the second-highest monthly figure ever and the third time this financial year that GST revenue has surpassed £1.70 lakh crore. Overall GST collections for the April 2023 to January 2024 period have grown by 11.6% year-on-year.

1,72,129 crore gross GST revenue collected during January 2024; records 10.4% Year-on-Year growth At ₹1,72,129 crore, GST collections are 2nd highest ever; crosses ₹1.70 lakh crore mark for the third time in FY 2023-24 With overall collection reaching ₹16.69 lakh crore, GST collections register 11.6% Y-o-Y growth in 10-month period The gross GST revenue collected in the month of January, 2024(till 05:00 PM of 31.01.2024)is ₹1,72,129 crore, which shows a 10.4% Year-o-Year (Y-oY) grow
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FAQ :

The gross GST revenue collected in January 2024 was £1,72,129 crore.

The GST revenue in January 2024 shows a 10.4% year-on-year growth compared to the £155,922 crore collected in January 2023.

No, this is the second-highest monthly collection recorded to date.

This is the third month in the current financial year where GST revenue has exceeded £1.70 lakh crore.

The cumulative gross GST collection for the April 2023-January 2024 period registered an 11.6% year-on-year growth.




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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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