India’s gross revenues from the Goods and Services Tax (GST) grew at a three-month high pace of 12.54% in February to cross ₹1.68 lakh crore, marking the fourth-highest monthly collections from the tax.
February’s GST revenue growth reflected the third highest uptick in 2023-24 and lifted the total collections so far this year to ₹18.4 lakh crore, 11.7% above the same period last year. The gross GST kitty of ₹1,68,337 crore in February was 3.3% lower than January’s updated collection numbers of ₹1,74,106 crore, the second-highest tally since GST was launched in July 2017.
Editorial | Growth signals: On GST revenues
