GST collection increased by 8.5% to more than 1.82 lakh crore rupees in November 2024

Current Context: In November 2024, India's Goods and Services Tax (GST) collection experienced a significant increase of 8.5% year-on-year, surpassing ₹1.82 lakh crore.

• This increase reflects a healthy economic activity and robust compliance.
• The collection figures were boosted by a 9.4% rise in domestic GST revenue and a 5.9% increase in revenue from imports.
• The GST collection data was released on December 1, 2024, indicating positive trends in tax compliance and revenue growth,
• which are critical for the government's fiscal health and its ability to fund various developmental projects and initiatives.

Question:

1. What was the total GST collection in November 2024?

• A) ₹1.72 lakh crore
• B) ₹1.80 lakh crore
• C) ₹1.82 lakh crore
• D) ₹1.85 lakh crore

Answer: C) The GST collection in November 2024 was ₹1.82 lakh crore, as per the data released on December 1, 2024.