Gross GST Revenue Collection of Rs. 1.73 Lakh Crores in Month of May 2024 | Press Release

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By Taxmann
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Last Updated on 4 June, 2024

Gross GST Revenue

Press Release dated June 1st, 2024

The Gross GST Revenue for the month of May 2024 stood at Rs.1.73 lakh crores with 10% year-on-year growth. After accounting for refunds, the net GST revenue for May 2024 stands at Rs. 1.44 lakh crores, reflecting a growth of 6.9% compared to the same period last year.

The gross GST collections in the FY 2024-25 till May 2024 stood at Rs. 3.83 lakh crores. This represents an impressive 11.3% year-on-year growth, driven by a strong increase in domestic transactions.

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