Second highest GST receipt in October - watsupptoday.com
Second highest GST receipt in October
Posted 01 Nov 2023 04:09 PM

Image Source: Agencies

The GST revenue collected in October was Rs 1.72 crore, which was Rs 10,000 crore more than the previous month.
It is also the second highest collection ever, behind April's collection of Rs 1.87 crore, which was also appreciated by Prime Minister Narendra Modi.
Gross GST receipts in October are 13 percent higher than the same month last year.
The income from domestic transactions (including the import of services) was also 13 percent higher than the income from these sources in the corresponding month last year.

In 2023-24, the monthly gross collection of GSTs is currently Rs. 1,66,000 million euros, or 11 percent more than in the corresponding period of the previous fiscal year. From October collections of Rs. 30,062 crore is CGST, Rs. 38,171 crore is SGST, Rs. 91,315 crore (including Rs 42,127 crore collected on import of goods) is IGST and Rs. 12,456 kroner (including 1,294 kroner collected during import of goods) is tax.
The government released Rs. 42,873 crore in CGST and Rs. 36,614 crore from IGST to SGST. The total revenue of the Center and the States in October after the ordinary payment is Rs. 72,934 crore in CGST and Rs. 74,785 crore for SGST.

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