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Gross GST collections rise 6.2 pc to over Rs 1.93 lakh cr in January
- India's Goods and Services Tax collections increased by 6.2% year-on-year in January, reaching Rs 1.93 lakh crore, according to sources.
- Net GST collections rose 7.6% year-on-year to Rs 1.71 lakh crore in January, reflecting stronger contributions from cross-border trade.
- Domestic transactions contributed Rs 1.41 lakh crore, an increase of 4.8%, while import revenue rose 10.1% to Rs 52,253 crore.
- The decline in total refunds by 3.1% to Rs 22,665 crore highlights changes in GST revenue regulations.
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Gross GST collections rise 6.2 pc to over Rs 1.93 lakh cr in January
Gross GST collections rise 6.2 pc to over Rs 1.93 lakh cr in January Gross GST collections rose 6.2 per cent to over Rs 1.93 lakh crore in January, mainly on higher revenues from imports, sources said on Sunday. Total refunds declined 3.1 per cent to Rs 22,665 crore. Net Goods and Services Tax (GST) revenues, however, grew 7.6 per cent to about Rs 1.71 lakh crore in January. Cess collection (from tobacco products) in January stood at Rs 5,768 cr…
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Total News Sources14
Leaning Left2Leaning Right4Center1Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 29%
14%
R 57%
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