The Goods and Services Tax (GST) collection has been showing an upward trend on an annual basis since its roll-out on July 1, 2017, and the average gross monthly mop-up in the current fiscal so far is ₹1.66 lakh crore, Finance Minister Nirmala Sitharaman said on December 4 (Monday).
In a written reply to a question in the Lok Sabha, she said the GST collection crossed ₹1.5 lakh crore mark in every month of the current fiscal and had touched a record high of ₹1.87 lakh crore in April 2023.
"GST collection has been showing an upward trend on year-on-year basis since the implementation of GST w.e.f. 1st July, 2017. The average gross monthly GST collection in FY 2023-24 now stands at ₹1.66 lakh crore and is 11% more than that in the same period in the previous financial year," Ms. Sitharaman said.
