GST mop-up grows 12% YoY in June to Rs 1.61 lakh crore

Bolstering the theme, automobile companies reported a sixth straight month of 300,000-plus sales in June, indicating a strong first FY24 quarter for the economy. Fuel demand eased in the month from May highs. Monthly GST collection crossed the Rs 1.60 lakh crore mark for the fourth time ever, riding a vigorous economy, continued economic momentum and strong anti-evasion measures.

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