As of October 2024, the highest GST collection of ₹2.10 lakh crore was recorded in ____________.

Correct option is A

The correct answer is (a) April 2024.
• The highest-ever monthly GST collection of ₹2.10 lakh crore was recorded in April 2024.
• April GST collections are usually high due to year-end adjustments, annual returns, and reconciliation of accounts after the close of the financial year.
• This reflected strong economic activity and improved tax compliance.
Information Booster
• GST collections crossed ₹2 lakh crore mark for the first time in April 2024.
• GST was implemented on 1 July 2017.
• GST has five main tax slabs: 0%, 5%, 12%, 18%, and 28%.
• GST collection data is released by the Ministry of Finance.
Additional Knowledge
• CGST and SGST are levied on intra-state supplies, while IGST applies to inter-state supplies.
• Higher GST collections indicate economic growth, better compliance, and widened tax base.
• The GST Council is chaired by the Union Finance Minister and includes state finance ministers.