GST collections rise to second highest-ever at Rs 1.72 lakh crore in January


 GST collections rise to second highest-ever at Rs 1.72 lakh crore in January

This is the second-highest monthly collection ever and marks the third month in this financial year with a collection of Rs 1.70 lakh crore or more.


Goods and Services Tax (GST) collections jumped 10.4 per cent to over Rs 1.72 lakh crore in January, the finance ministry said on Wednesday.

This is the second-highest monthly collection ever and marks the third month in this financial year with a collection of Rs 1.70 lakh crore or more.

“The gross GST revenue collected in the month of January 2024 (till 05:00 PM of 31.01.2024) is Rs 1,72,129 crore, which shows a 10.4 per cent y-o-y growth over the revenue of Rs 1,55,922 crore collected in January 2023 (till 05:00 PM on 31.01.2023),” the ministry said.

During the April 2023-January 2024 period, cumulative gross GST collection witnessed 11.6 per cent year-on-year growth (till 05:00 PM of 31.01.2024), reaching Rs 16.69 lakh crore against Rs 14.96 lakh crore collected in the same period of the previous year(April 2022-January 2023).

The highest-ever monthly GST collection was recorded in April 2023 at Rs 1.87 lakh crore.



Comments

Post a Comment

Popular posts from this blog

Infosys techie Vandana Dwivedi murder: Accused boyfriend suspected Vandana behind attack on him, nursed a grudge

Image
  Infosys techie Vandana Dwivedi murder: Accused boyfriend suspected Vandana behind attack on him, nursed a grudge A PROBE into the gruesome murder of a 26-year-old software engineer Vandana Dwivedi has revealed that the accused Rishabh Nigam, who was her long-time boyfriend, was stabbed three years ago in Jaipur. Investigating officials said that he had been nursing grudges against her suspecting that he had been attacked at her behest. The Hinjewadi police […] A PROBE into the gruesome  murder of a 26-year-old software engineer  Vandana Dwivedi has revealed that the accused Rishabh Nigam, who was her long-time boyfriend, was stabbed three years ago in Jaipur. Investigating officials said that he had been nursing grudges against her suspecting that he had been attacked at her behest. The Hinjewadi police station under Pimpri Chinchwad police which is investigating the case has started putting together the sequence of events leading up to the night of January 27 when Dwiv...
Read more

'No Time to Waste' For Pakistan Ahead of Marquee Clash vs India in the T20 World Cup, Says West Indies Great Chris Gayle

Image
  ' No Time to Waste' For Pakistan Ahead of Marquee Clash vs India in the T20 World Cup, Says West Indies Great Chris Gayle Pakistan arrive into the clash under immense pressure, especially after their stunning loss to the USA via a Super Over in their opening game at the Grand Prairie Stadium in Dallas earlier this week. A horror defeat to hosts USA that left fans, and followers all over the globe speechless: the Pakistan cricket team took on an embarrassing start to their T20 World Cup 2024 campaign and will have to recoup soon, as they face arch-rivals India next on Sunday. Talking about the highly-anticipated encounter, West Indies legend Chris Gayle reinstated the need for Pakistan to put their loss behind them, stating that the team had ‘no time to lose’ ahead of facing the mammoth Indian side. Pakistan arrive into the clash under immense pressure, especially after their stunning loss to the USA via a Super Over in their opening game at the Grand Prairie Stadium in Dallas...
Read more

Joe Biden President warns new army officers to be ‘guardians of American democracy’

Image
  Joe Biden  President warns new army officers to be ‘guardians of American democracy’ President entreats graduates at commencement to ‘hold fast’ to oath to US constitution in veiled reference to Trump’s threat to democracy Joe Biden has called newly graduating US military officers the “guardians of American democracy” at a commencement speech at the elite West Point military academy in New York state, where the US president, without mentioning Donald Trump by name, gave strong warnings of unprecedented threats to US freedom. Biden, speaking in front of about 1,000 graduating cadets at the US army training academy on Saturday, urged the newly minted officers to “hold fast” to their military oath “not to a political party, not to a president but to the constitution of the United States of America, against all enemies, foreign and domestic”. In remarks that could be seen as a thinly veiled reference to the threat to democracy Biden believes Trump poses to the US as the two cand...
Read more