Published on Dec 2, 2024
Current Affairs
Goods and Services Tax (GST)
Goods and Services Tax (GST)

♦ The total gross Goods and Services Tax (GST) collections grew 8.5 percent to over Rs.1.82 lakh crore in November 2024 as compared to the same month in 2023. The total gross GST revenue in November 2023 was Rs.1.68 lakh crore. 

♦ In 2024 November, the Central GST collection stood at Rs.34,141 crore, State GST at Rs.43,047 crore, Integrated IGST at Rs.91,828 crore and cess at Rs.13,253 crore.

♦ In 2024 October, GST collections of Rs.1.87 lakh crore were the second-best GST mop-up with 9 percent annual growth. The highest-ever collection was in April 2024 at over Rs.2.10 lakh crore.