Robust Growth in GST Revenue for February 2024 Mar 02, 2024 by ConsultEase Administrator in GST Table of Contents ToggleOverview of February 2024 GST Revenue:Strong Performance in FY 2023-24:Breakdown of February 2024 Collections:Inter-Governmental Settlement: Overview of February 2024 GST Revenue: Total collection: ₹1,68,337 crore Growth rate: 12.5% increase compared to February 2023 Breakdown: Domestic transactions – 13.9% rise; Import of goods – 8.5% increase Net of refunds: ₹1.51 lakh crore, marking a 13.6% growth over the same period last year Strong Performance in FY 2023-24: Total collection: ₹18.40 lakh crore as of February 2024 Growth rate: 11.7% higher than FY 2022-23 Average monthly collection: ₹1.67 lakh crore, exceeding the previous year’s corresponding period Net of refunds: ₹16.36 lakh crore, reflecting a growth of 13.0% over the same period last year Breakdown of February 2024 Collections: Central Goods and Services Tax (CGST): ₹31,785 crore State Goods and Services Tax (SGST): ₹39,615 crore Integrated Goods and Services Tax (IGST): ₹84,098 crore (including ₹38,593 crore from imported goods) Cess: ₹12,839 crore (including ₹984 crore from imported goods) Inter-Governmental Settlement: Settlement to CGST: ₹41,856 crore Settlement to SGST: ₹35,953 crore Total revenue after settlement: ₹73,641 crore for CGST; ₹75,569 crore for SGST ConsultEase Administrator Consultant Faridabad, India As a Consultease Administrator, I'm responsible for the smooth administration of our portal. Reach out to me in case you need help. Discuss Now Opinions & information presented by ConsultEase Members are their own.
