India News | GST Collections Rise 10 Pc to Rs 1.75 Lakh Cr in Aug

New Delhi, Sep 1 (PTI) Gross GST collections in August grew 10 per cent to about Rs 1.75 lakh crore, according to government data released on Sunday.

Goods and Services Tax (GST) revenues in August last year were Rs 1.59 lakh crore, while in July the mop-up was Rs 1.82 lakh crore.

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In August 2024, domestic revenue grew 9.2 per cent to about Rs 1.25 lakh crore. Gross GST revenues from import of goods were up 12.1 per cent to Rs 49,976 crore.

Refunds worth Rs 24,460 crore were issued during the month, registering an increase of 38 per cent over the year-ago period.

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After adjusting refunds, net GST revenue increase was 6.5 per cent at Rs 1.5 lakh crore during the month under review.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)