Chandigarh’s GST collection in October rises by 11%

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Categories: GST Recent News

The UT administration has registered an increase of 11% in Goods and Services Tax (GST) collection in October against the gross levy collected during the corresponding period last year.

According to the Union ministry of finance, the collection for October stood at 389 crore, 38 crore more than the 351 crore collected during the same month in 2022.

In September, the UT witnessed a growth of just 6%, which was 219 crore, compared to 206 crore in the same month in 2022.

In August, the UT had also recorded a similar growth of 7%, up from 179 crore last year to 192 crore in 2023.

The GST collection had registered an increase of 23% in July against the mop-up during the corresponding period last year. The collection for July was 217 crore, 41 crore more than 176 crore collected in the month in 2022.

In June, the collection had gone up by 34% from the same month last year — 169.7 crore to 227.06 crore.

The GST collection for May had witnessed a record increase of 55% against the collection during the corresponding period last year. Compared to 167 crore last year, it rose to 259 crore — a jump of 92 crore. It was the highest-ever collection for a month by the UT since the inception of GST.

The collection for April had witnessed a marginal increase of 2%, rising only to 255 crore from 249 crore in the same month in 2022.

A 10.09% spike was recorded in March, with the collection increasing from 184 crore last year to 202 crore this year.

The collection for February, too, saw a marginal 5% increase at 188 crore, 10 crore higher than 178 crore in the month in 2022.

Source from: https://www.hindustantimes.com/cities/chandigarh-news/chandigarhs-gst-collection-in-october-rises-by-11-101698871767320.html