GST Collection in September Sees 6.5% Growth to Rs 1.73 Lakh Crore

GST collection in September increased by 6.5% to Rs 1.73 lakh crore as per recent government data. Domestic revenue grew by 5.9%, while revenue from import of goods rose by 8%. Refunds worth Rs 20,458 crore were issued, leading to a net GST revenue of Rs 1.53 lakh crore.

Gross GST collection in September grew 6.5 per cent to about Rs 1.73 lakh crore, according to government data released on Tuesday.

This marks a notable increase from the Rs 1.63 lakh crore collected in September last year, although slightly lower than August 2024's Rs 1.75 lakh crore.

Domestic GST revenue experienced a 5.9 per cent rise to Rs 1.27 lakh crore, while revenue from imported goods rose by 8 per cent to Rs 45,390 crore. Refunds amounting to Rs 20,458 crore, up 31 per cent year-on-year, were issued, resulting in a net GST revenue of Rs 1.53 lakh crore, which is 3.9 per cent higher than the same month last year.