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GST collection at Rs 1,67,929 lakh crore in November 2023, highest growth of 15% y-o-y
The Business Guardian
|December 03, 2023
The Government’s goods and services tax revenue collection for November 2023 has recorded the highest growth rate of 15 per cent year-on-year at ₹1,67,929 lakh crore, crossing the ₹1.60 lakh crore mark for the sixth time in FY 2023-24, on increased domestic activity and festive season buying.
The gross GST collection for FY 2023-24 ending November, 2023, is ₹13,32,440 crore, averaging ₹1.66 lakh per month. This is 11.9 per cent higher than the gross GST collection for FY 2022-23 ending November, 2022 at ₹11,90,920 crore and averages ₹1.49 lakh crore per month, official figures of the Finance Ministry shows. The GST mop up is also the high
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