The Ministry of Finance announced today that India’s Gross Goods and Services Tax (GST) collection displayed a commendable 12 per cent year-on-year growth during the April-December 2023 period, totalling Rs 14.97 lakh crore.
According to a press release by the Ministry of Finance, this figure marked a substantial increase from the Rs 13.40 lakh crore collected in the corresponding period of the previous fiscal year (April-December 2022).
The average monthly gross GST collection in the initial nine months of the fiscal year 2023-24 stood at Rs 1.66 lakh crore, reflecting a 12 per cent surge compared to the Rs 1.49 lakh crore monthly average recorded in the same period of the previous fiscal year.
