India's GST Collections Jump 6.2% to ₹1.93 Lakh Crore in January - Whalesbook

Overview Gross Goods and Services Tax (GST) collections for January reached over Rs 1.93 lakh crore, marking a 6.2% increase year-on-year. This growth was primarily fueled by higher revenues from imports, which rose 10.1%. Net GST revenues saw a 7.6% uplift, reaching approximately Rs 1.71 lakh crore. Domestic transaction collections grew a more modest 4.8%. The revised GST rates, effective Septemb…