GST Monthly Revenue collection

02-11-2023

Indian Economy Current Affairs Analysis

October gross GST collections : ₹1.72 lakh crore

Year –on-Year Growth : 13.4%

Main Contributors:

iDomestic transactions

iiService Import

iiiGoods Import

Domestic transactions and services imports yielded a 13% uptick in October’s revenues.

GST levies on imports of goods rose 13.9% in October.

GST Compensation Cess collections, which include ₹1,294 crore levied on goods imports, hit a record high of ₹12,456 crore in October