India’s June GST revenue grew 7.7% to ₹1.74 lakh crore. Notably, the Finance Ministry has ceased publishing detailed monthly collection data.
The Goods and Services Tax (GST) collections for June 2024 are estimated at approximately ₹1.74 lakh crore, according to a media report published on July 1, 2024. This figure represents a 7.7% increase compared to collections from June 2023.
The average GST collections for the financial year, covering April to June 2024, have reached ₹1.86 lakh crore. This marks the highest average collection recorded since the introduction of GST in India.
However, it was also reported that the Finance Ministry will no longer release detailed monthly GST collection data on the first day of each month. This practice has been discontinued after 74 months, with no official reason provided for the change. Updates will be provided if the Press Information Bureau (PIB) publishes a detailed report.
For context, the gross GST revenue for May 2024 was ₹1.73 lakh crore.
