Gross GST collections rose 14.8% year-on-year to approximately ₹2 lakh crore in August, driven by a 29% surge in import revenue and 9.3% growth in domestic transactions. Net GST (after refunds) stood at ₹1.68 lakh crore, up 8.3%, while refunds jumped 68% to ₹31,795 crore, indicating improved compliance and processing.
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- ›Gross GST (August): ~₹2 lakh crore
- ›Gross GST Growth (YoY): 14.8%
- ›Target this Data: Gross GST = ~₹2 lakh crore (14.8% growth), Net GST = ₹1.68 lakh crore (8.3% growth), Refunds = ₹31,795 crore (68% jump).
- ›Target this Data: Import GST growth 29% to ₹62,604 crore; Domestic growth 9.3% to ₹1.37 lakh crore.
- ›Target this Composition: CGST ₹38,413 crore, SGST ₹46,316 crore, IGST ₹1.15 lakh crore.
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