New Delhi: Goods and Services Tax (GST) collection stood at Rs 1,61,497 crore in the month of June, Finance Ministry informed on Saturday. As per official information, gross GST collection registered a remarkable hike of 12 per cent Year-on-Year(YoY) basis. Last year (2022) government collected Rs 1,44,616 crore in the same month.
The officials informed that out of 1,61,497 crore gross GST collection, CGST contributed Rs 31,013 crore, SGST contributed Rs 38,292 crore, IGST added Rs 80,292 crore ( including Rs 39035 crore collected on import of goods), and cess put up 11,900 crores (including 1,028 crores on import of goods).
GST Collection crosses 1.6 lac crore mark fourth time
It is for the fourth time, the gross GST collection has crossed Rs. 1.60 lakh crore mark. The average monthly gross GST collection for the first quarter of the FY 2021-22, FY 22-23 & FY 23-24 are Rs. 1.10 lakh crore, Rs. 1.51 lakh crore and Rs. 1.69 lakh crore respectively. However, the GST Collection of April 2023 remains on top with 1.87 lakh crore.
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