GST collections in September reached over ₹2.03 lakh crore, marking a 14.7% increase. Import revenues saw a significant rise of 26%, contributing ₹65,525 crore. Domestic GST collections also grew by 10.1% to approximately ₹1.38 lakh crore. However, GST refunds declined by 3% to ₹27,001 crore. This resulted in net GST collections increasing by 18.1% to over ₹1.76 lakh crore. For the first half of the fiscal year, gross collections rose 11.6% to over ₹12.46 lakh crore. Importers should note the rising import revenue figures, which may indicate increased import activity or value. For detailed figures and analysis, refer to the official source.
Read the original article
