Goods and Services Tax (GST) collections grew nearly 11% on-year to `1.59 trillion in August (July transactions), broadly hovering around the government’s target of an average monthly GST receipt of `1.6 trillion in the current fiscal.
The average monthly GST collections in the first five months of 2023-24 have been `1.65 trillion , thanks to a whopping `1.87 trillion in April (aided by year-end transactions in March).