Goods and services tax (GST) revenue for September is expected to reach around Rs 1.45 lakh crore, an official said. The series has surpassed Rs 1.4 lakh crore since March and over Rs 1.43 lakh crore in August.

“September collections are likely to be slightly above Rs 1.45 lakh crore. Better collections are expected to result from improved business activity in the coming months,” the official said. Official revenue figures will be released on October 1.

The GST collection in September last year was Rs 1.17 lakh crore. According to estimates, the official said that the average annual revenue from GST in 2022-23 is expected to be around Rs 1.55 lakh crore.

GST collections in April were at a record high of Rs 1.68 lakh crore. GST revenue was Rs 1.41 lakh crore in May, Rs 1.44 lakh crore in June, Rs 1.49 lakh crore in July and Rs 1.43 lakh crore in August.