What was the gross GST revenue collected in September in India
The gross GST revenue collected in the month of September in India amounted to 1.62 lakh crore rupees.
The gross GST (Goods and Services Tax) revenue collected in India for the month of September amounted to 1.62 lakh crore rupees. Here are some key points about the collection:
- September's GST collection was a significant increase compared to the previous month's collection of 1.32 lakh crore rupees.
- This increase in revenue can be attributed to the gradual revival of economic activities and increased consumption levels across various sectors.
- Improvement in business sentiments, easing of lockdown restrictions, and the festive season contributed to the rise in GST collection.
- Amongst the major states, Maharashtra had the highest GST collection in September, followed by Karnataka, Tamil Nadu, and Uttar Pradesh.
- The collection was a positive sign for the Indian economy, indicating a gradual recovery from the impacts of the COVID-19 pandemic-induced lockdown.
- The revenue collection figures also suggest an increase in compliance by businesses as well as improved tax administration.
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