GST revenue growth dips to a 3-month low in December

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Kruti Shah 02 Jan 2024

Revenues cross ₹1,64,800 crore last month, about 1.8% lower than the amount collected in November; it marks seventh successive month of ₹1.60 lakh crore-plus receipts, says Ministry

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India’s Goods and Services Tax (GST) revenues crossed ₹1,64,800 crore in December 2023, with year-on-year growth slowing to a three-month low of 10.3% from a 15.1% rise in the previous month.

December’s GST kitty, for transactions undertaken in November 2023, is about 1.8% lower than the nearly ₹1.68 lakh crore collected a month earlier, which marked the third highest monthly receipts from the tax that was launched in July 2017.