Buoyant GST collections in FY24 may give Centre room to raise target for FY25 in full Budget

According to official data released by the finance ministry on April 1, gross GST collections in FY24 exceeded Rs 20 lakh crore and came in at Rs 20.18 lakh crore, while on a net basis it was Rs 18.1 lakh crore. Central GST collections amounted to Rs 8.63 lakh crore as against the revised estimate of Rs 8.11 lakh crore. The Centre had retained the Budget estimate for GST collections for FY24 as th…