India’s gross GST revenue collection for January reached INR 1.72 lakh crore, reflecting a 10.4% YoY growth compared to the previous year. This marks the second-highest monthly collection ever and the third month in the current fiscal year with a collection of INR 1.70 lakh crore or more. The cumulative gross GST collection from April 2023 to January 2024 witnessed an 11.6% YoY growth, totaling INR 16.69 lakh crore. The average monthly GST collection in the first 10 months of the fiscal year was INR 1.67 lakh crore.
India’s GST Revenue Collection Reaches INR 1.72 Lakh Crore in January
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