GST Collection Soars 10% in January to Record ₹1.72 Lakh Crore, Marking Second-Highest Ever
In a commendable financial feat, the Centre reported a 10.4% surge in Goods and Services Tax (GST) revenue for January, reaching an impressive ₹1,72,129 crore. This milestone represents the second-highest GST collection ever recorded, with the ₹1.7 lakh crore benchmark surpassed for the third time in the fiscal year 2023-24. The Ministry of Finance disclosed that the robust growth is indicative of a significant year-on-year increase, showcasing a notable rise from the ₹1,55,922 crore collected in January 2023.
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