Before accounting for refunds, data provided on Sunday indicates that the states collected ₹38,411 crores, while the Centre collected ₹30,862 crores. 93,621 crore worth of integrated goods and services tax was collected.
The document discusses the increase in Goods and Services Tax (GST) collections in India during August 2024.
The key points are:- GST collections increased by 10% to reach ₹1.74 trillion in August 2024.
The central government collected ₹30,862 crores, while states collected ₹38,411 crores, before adjusting for refunds.
The collection of integrated GST (IGST) on imports and inter-state sales was at ₹93,621 crores.
The increase in GST revenue collection is attributed to robust consumption of goods and services, as well as administrative measures taken to improve compliance.
GST revenue collections are expected to further improve during the upcoming festive season.
The increase in collections is also due to the increased focus on GST investigations and audits, which have improved compliance and resultant collections.
