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GST collections rise 6.5% YoY to Rs 1.73 lakh crore in September

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GST collections rise 6.5% YoY to Rs 1.73 lakh crore in September

- GST collections in September amounted to Rs 1.73 lakh crore, registering a 6.5% growth compared to the same month last year. - This marks the second consecutive month of single-digit growth and the slowest pace of growth in 39 months. - Average monthly GST collections in the second quarter declined to Rs 1.77 lakh crore from Rs 1.86 lakh crore in the first quarter of FY25. - However, September's collections still exceeded Rs 1.7 lakh crore for the seventh consecutive month. - In the first six months of the year, GST collections reached Rs 10.87 lakh crore, representing a 9.6% increase compared to the same period last year. - Net GST revenues grew by 3.9% to Rs 1.53 lakh crore, as refunds saw a significant surge, particularly for domestic (24.3%) and IGST (39.2%) refunds.

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