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
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Community
-
Daily E-Newsletter
-
Unlimited News Access
-
Profile Visitors
-
Link Social Profiles
-
Featured Job Posts
-
Pro Badge
-
Expert GST Guidance
-
Unlimited Forum Replies
-
Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member?
Login here
for an ad-free experience. 011-411-70713
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.