The GST assortment in February grew 12.5 per cent to over ₹1.68-lakh crore, buoyed by home transactions, the finance ministry mentioned on Friday.
The full gross GST assortment for the present fiscal (April 2023-February 2024) stands at ₹18.40-lakh crore, 11.7 per cent increased than the mopup for a similar interval final fiscal.
The typical month-to-month gross assortment for the present fiscal stood at ₹1.67-lakh crore, exceeding ₹1.5-lakh crore within the final fiscal.
“Gross Items and Providers Tax (GST) income collected for February 2024 is ₹1,68,337 crore, marking a strong 12.5 per cent enhance in comparison with that in the identical month in 2023,” the ministry mentioned in a press release.
This progress was pushed by a 13.9 per cent rise in GST from home transactions and an 8.5 per cent enhance in GST from import of products.
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