India’s Goods and Services Tax (GST) collections for January 2025 reached ₹1.96 lakh crore on Saturday (February 1), reflecting a 12.3% increase year-on-year.CompanyValueChange%Change
Last month, the gross goods and services tax (GST) collections for December 2024 stood at ₹1,76,857 crore, marking a 7.3% year-on-year growth compared to ₹1,66,882 crore in December 2023. However, the collections dropped 2.97% month-on-month, reaching a three-month low.For context, GST collections in September, October, and November 2024 were ₹1,73,240 crore, ₹1,87,346 crore, and ₹1,82,269 crore, respectively. The year-to-date (YTD) GST collections now stand at ₹16,33,569 crore, reflecting a 9.10% increase over the same period last year. Despite this growth, collections are 18.98% short of the total projected collections for the fiscal year 2024.
(This is a developing story. Check back for more details) First Published: Feb 1, 2025 3:09 PM IST
