Gross Goods and Services Tax (GST) collections rose by 6.2 per cent year-on-year to Rs 1.84 lakh crore in June, according to government data released on Tuesday. In June 2024, collections had stood at Rs 1.73 lakh crore. However, the June figure marks a decline from ₹2.01 lakh crore collected in May and the all-time high of Rs 2.37 lakh crore recorded in April this year.
Breaking down the June data, gross revenue from domestic transactions rose 4.6 per cent to approximately Rs 1.38 lakh crore, while GST collections from imports increased by 11.4 per cent to Rs 45,690 crore.
Component-wise, Central GST (CGST) amounted to Rs 34,558 crore, State GST (SGST) to Rs 43,268 crore, and Integrated GST (IGST) to around Rs 93,280 crore. Revenue from Cess stood at Rs 13,491 crore.
Meanwhile, total refunds issued in June surged 28.4 per cent to Rs 25,491 crore. As a result, net GST collections amounted to roughly Rs 1.59 lakh crore, reflecting a 3.3 per cent year-on-year growth..
(Further Details Awaited)
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