GST mop-up rises 12% to ₹1.96 lakh cr in Jan

HIGHER DOMESTIC ACTIVITY

- PRESS TRUST OF INDIA

GROSS GST REVENUE rose 12.3% to ₹1.96 lakh crore in January on higher domestic economic activity, government data showed on Saturday. This includes 10.4% growth in revenue from sale of goods and services domestically at ₹1.47 lakh crore and 19.8% rise in tax revenue from imported goods at ₹48,382 crore.

Total gross GST revenue stood at ₹1,95,506 crore in January, a 12.3% growth year-on-year (y-o-y). Refunds of ₹23,853 crore were issued during the month, a rise of 24%.

Total net GST revenue, after adjusting refunds, stood at ₹1.72 lakh crore, higher by 10.9%.