GSTN releases Gross and Net GST revenue collections for June, 2024

In June 2024, India's GST revenue collections showed a robust performance, with gross revenue totaling ₹1,65,456 crore, marking a significant increase of 12% compared to the same period last year. The net GST revenue, after adjustments, stood at ₹1,23,456 crore, reflecting a growth of 14% year-over-year. This positive trend highlights the effectiveness of GST compliance and the economic recovery post-pandemic. The data indicates a healthy tax collection system and suggests that the government's revenue generation strategies are yielding favorable outcomes.