India's gross GST collection rose by 12.3% year-over-year to ₹1.95 lakh crore in January, the second-highest monthly collection ever, as per the government data. The collection had dipped to ₹1.77 lakh crore in December compared to November. The net GST collection in January stood at ₹1.71 lakh crore, up 10.9% from ₹1.54 lakh crore in the year-ago period.