Goods and Services Tax (GST) revenue for March 2024 witnessed the second highest collection ever at Rs.1.78 lakh crore, with a 11.5% year-on-year growth. Month-wise Collections for the year 2023-24 is given below:-
FY 2023-24 marks a milestone with total gross GST collection of Rs. 20.14 lakh crore exceeding Rs.20 lakh crore, a 11.7% increase compared to the previous year. The average monthly collection for this fiscal year stands at Rs.1.68 lakh crore, surpassing the previous year's average of Rs.1.5 lakh crore. GST revenue net of refunds as of March 2024 for the current fiscal year is Rs.18.01 lakh crore which is a growth of 13.4% over same period last year .
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