India’s goods and services tax (GST) collections declined to Rs 1.73 lakh crore in September compared with Rs 1.75 lakh crore in the previous month, according to data released on October 1.

The pace of growth of GST was 6.3 percent in September, as the country had recorded Rs 1.62 lakh crore in GST revenue in September 2023. This is the second month of single digit rise in collections and lowest pace of growth in 39 months. In June, gross GST collections had expanded 7.7 percent.

The pace of average GST collections has declined to Rs 1.77 lakh crore monthly in the second quarter compared with Rs 1.86 lakh crore in the first quarter of FY25.

But September marks the seventh consecutive month of over Rs 1.7 lakh crore monthly collection.

In the first six months of the year, GST collections at Rs 10.87 lakh crore were 9.5 percent higher compared with the first half of FY24.