Total collections for the Goods and Services Tax (GST) increased by 14.7% in September, reaching over 2.03 trillion rupees.
Domestic GST revenues grew by 10.1%, amounting to approximately 1.38 trillion rupees, while import receipts showed a rise of 26%, reaching 65,525 crore rupees.
Nevertheless, GST refunds slowed down, totaling 27,001 crore rupees in September, which represents a 3% decrease compared to the same period last year.
After accounting for refunds, the net GST collection increased by 18.1% in September, surpassing 1.76 trillion rupees.
For the first six months of the fiscal year (April-September), total GST collection increased by 11.6%, exceeding 12.46 trillion rupees. Meanwhile, net receipts grew by 10.4%, reaching over 10.66 trillion rupees.