Team Blitz India
NEW DELHI: India’s gross GST revenue collection in June stood at Rs 1,61,497 crore, registering a 12 per cent year-on-year rise, the Ministry of Finance said on July1.
India in April 2023 saw a record-high GST collection of Rs 1.87 lakh crore, while the indirect taxes collected in May were at Rs 1,57,090 crore.
With this, the monthly GST revenue has come in at more than Rs 1.4 lakh crore for the 15th consecutive month. The data release coincides with GST’s sixth anniversary in India. GST’s introduction marked a significant milestone in the history of taxation in India.
The introduction of this comprehensive system was particularly remarkable in a diverse and federal country like India where multiple tax laws were consolidated into a single system.
