New Delhi, Sep 28 (PTI) Goods and Services Tax (GST) revenue mop-up in September is expected to be around Rs 1.45 lakh crore, an official said.

The collection has been over Rs 1.4 lakh crore since March and in August it was Rs 1.43 lakh crore.

"The collection in September is likely to be little more than Rs 1.45 lakh crore. Improved business activity is expected to yield better collections in coming months," the official said.

Official revenue figures will be released on October 1.

The mop-up in September last year was Rs 1.17 lakh crore.

The official further said as per estimates, the average yearly revenue from GST in 2022-23 is expected to be around Rs 1.55 lakh crore.

The collection in April was at a record high of Rs 1.68 lakh crore. In May, GST revenue was Rs 1.41 lakh crore, in June Rs 1.44 lakh crore, Rs 1.49 lakh crore (July) and Rs 1.43 lakh crore (August).

Goods and Services Tax revenue trend signals improving business activity and higher monthly mop up expected in upcoming months. Goods and Services Tax revenue collections have remained consistently above prior baselines, with September anticipated to exceed the previous month's receipts and official figures to be released on the first of the following month. Monthly receipts since April show a record high followed by steady mop-ups through August, forming the basis for an elevated annual average revenue projection tied to improving business activity.