[1/2] An employee counts currency notes at a cash counter inside a bank in Agartala, capital of India's northeastern state of Tripura, January 29, 2010.
REUTERS/Jayanta Dey/File PhotoNEW DELHI, July 1 (Reuters) - India's goods and services tax (GST) collections rose nearly 12% year-on-year to 1.61 trillion rupees ($19.61 billion) in June, a government statement showed on Saturday.
The government collected 1.45 trillion rupees as GST in June 2022 and a record 1.87 trillion rupees in April 2023.
It expects to garner 9.56 trillion rupees through GST in the current fiscal year that ends in March 2024.
India's nominal growth is estimated to be 10.5% in the current fiscal year.
Persons:
Jayanta Dey, Shivangi Acharya, Simon Cameron, Moore
Organizations:
REUTERS, Thomson
Locations:
Agartala, India's, Tripura, DELHI, Maharashtra, Karnataka, Tamil Nadu