GST kitty swells 12.5% to Rs 1.68trn in February

New Delhi: The GST collection in February grew 12.5 per cent to over Rs1.68 lakh crore, buoyed by domestic transactions, the finance ministry said on Friday. The total gross GST collection for the current fiscal (April 2023-February 2024) stands at Rs18.40 lakh crore, 11.7 per cent higher than the mop-up for the same period last fiscal.

The average monthly gross collection for the current fiscal stood at Rs1.67 lakh crore, exceeding Rs1.5 lakh crore in the last fiscal. “Gross Goods and Services Tax (GST) revenue collected for February 2024 is Rs 1,68,337 crore, marking a robust 12.5 per cent increase compared to that in the same month in 2023,” the ministry said in a statement.