At over Rs 1.8 lakh crore, GST mop-up 3rd highest

Barring the top two grossers (April 2023 and April 2024), when collections soar due to year-end sales in March, the collections in July 2024 (for transactions in the previous month) are the highest. The numbers also indicate that the slowdown in June was on account of the countrywide heatwave that impacted economic activity.

Aug 2, 2024 - 07:00

At over Rs 1.8 lakh crore, GST mop-up 3rd highest

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Barring the top two grossers (April 2023 and April 2024), when collections soar due to year-end sales in March, the collections in July 2024 (for transactions in the previous month) are the highest. The numbers also indicate that the slowdown in June was on account of the countrywide heatwave that impacted economic activity.