Second highest GST worth Rs 1.72 lakh crore recorded in October 2023 

Second highest GST worth Rs 1.72 lakh crore recorded in October 2023

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By: Pune Pulse

November 2, 2023

Pune: The Finance Ministry announced on Wednesday that GST collections in October reached ₹1.72 lakh crore, making it the second highest ever. 

As per the information provided, this figure represents a 13 per cent increase compared to the ₹1.52 lakh crore collected in October 2022. 

The ministry informed that the GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore; records increase of 13 per cent Y-o-Y. The highest-ever revenue from GST was achieved in April 2023, totaling ₹1.87 lakh crore. 

Additionally, the average gross monthly GST collection in the FY 2023-24 now stands at ₹1.66 lakh crore, which is 11 percent higher than the previous year.

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