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GST mop-up rises 11% at ₹1.59 trn in August

Financial Express Mumbai

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September 02, 2023

GOODS AND SERVICES Tax (GST) collections grew nearly 11% onyear to 1.59 trillion in August (July transactions), broadly hovering around the government's target of an average monthly GST receipt of 1.6 trillion in the current fiscal.

- PRASANTA SAHU

GST mop-up rises 11% at ₹1.59 trn in August

The average monthly GST collections in the first five months of 2023-24 have been 1.65 trillion, thanks to a whopping 1.87 trillion in April (aided by year-end transactions in March).

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