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India's GST Revenue Hits Historic Milestone in Fiscal Year                                                       2023-24 Gross GST Revenue Surpasses Rs 20 Lakh Crore The fiscal year 2023-24 witnessed a significant milestone in India's tax revenue landscape as the gross Goods and Services Tax (GST) collection surpassed the Rs 20 lakh crore mark, marking an impressive 11.7 percent growth compared to the previous fiscal year. This achievement underscores the resilience and robustness of India's tax ecosystem, demonstrating a positive trajectory despite challenging economic conditions. Average Monthly Collection and Net Revenue Figures Throughout the financial year, the average monthly collection stood at Rs 1.68 lakh crore, showcasing a noteworthy increase from the previous year's average of Rs 1.5 lakh crore. Additionally, the net GST revenue, excludi...