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The country’s gross GST revenue collection for April this year soared to the highest ever level at Rs 2.10 lakh crore, Finance Minister Nirmala Sitharaman announced on Wednesday.
India Business News: NEW DELHI: Central and state GST officers will meet on Friday under the chairmanship of Revenue Secretary Sanjay Malhotra and are likely to discuss va.
GST collections spike in the first month of a fiscal year, but this spike is short-lived. The year-on-year growth is a better measure.
GST revenue for April hit a record high of Rs 2.10 lakh crore, representing a growth of 12.4 per cent on-year.
After accounting for refunds, the net GST revenue for April 2024 stood at ₹1.92 lakh crore, reflecting an impressive 17.1% growth compared to the same period last year