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GST collection growth weakens further; Sept saw 6.5% growth
The New Indian Express
|October 02, 2024
THE growth in monthly GST collections has further weakened as gross collection in September grew by only 6.5% as against 10% rise in the previous month.
The gross collections during the month was ₹1.73 lakh crore compared to ₹1.62 lakh crore in the same month the previous year. In July 2024, revenue had grwn by 10.3%. Year-to-date gross revenue have risen by 9.5% to₹ 10.87 lakh crore. Fall in GST collection ahead of the meeting of Group of Ministers (GoM) on rate rationalisation on October 19-20 may influence the decisions of the GoM. As per Vivek Jalan, partner, Tax Connect Advisory
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