Key Points
New Delhi [India], October 1 (ANI): The gross Goods and Services Tax revenue collected in the month of September was Rs 162,712 crore, official data from the Ministry of Finance showed on Friday..
It is the fourth time that the gross GST collection has crossed the Rs 1.60 lakh crore mark in the financial year 2023-24..
The gross GST collection for the first half of the 2023-24 ending September, 2023 was Rs 992,508 crore, 11 per cent higher recorded in the first half of 2022-23...
In the entire financial year 2022-23, the total gross GST collection stood at Rs 18. 10 lakh crore and the average gross monthly collection for the full year is Rs 1.51 lakh crore..
Goods and Services Tax was introduced in the country with effect from July 1, 2017, and states were assured compensation for loss of any revenue arising on account of the implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for a period of five years...
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