Jan GST collection Rs 271 crore, up 8%

After witnessing a decline in December last year, the Goods and Services Tax (GST) collection in the city in January increased by 8% compared to the gross levy collected during the corresponding period in 2024.

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According to the Ministry of Finance, the collection for January stood at Rs 271 crore, which was Rs 19 crore more than Rs 252 crore mopped up in the same month in 2024.

In December last year, the GST collection saw a decline of 20%. The collection for December last year stood at Rs 224 crore, which was Rs 57 crore less than Rs 281 crore generated in the same month in 2023.

The levy collection saw a growth of 20% in November 2024 when it received Rs 253 crore, Rs 43 crore more than Rs 210 crore generated in the same month in 2023.

The collection for October stood at Rs 243 crore, Rs 33 crore more than the corresponding month in 2023.

There was a decline of 10% in September, while August saw an increase of 27% in levy receipts.

The collection for August stood at Rs 244 crore, Rs 52 crore more than Rs 192 crore collected in 2023.