- +91 9911235662Team Member
- Karol Bagh, New DelhiCorporate Office Location
- 09:30AM - 06:00PMOffice Timing
GST collections hit all-time high of ₹1.42Lcr in March
Of the total collection, central GST was Rs 25,830 crore; state GST was Rs 32,378 crore; and integrated GST was Rs 74,470 crore, including Rs 39,131 crore collected on import of goods. During the month, GST revenue from the import of goods was 25% higher while the collection from domestic transactions, including import of services, was up 11% over March 2021. The cess collection in the month was Rs 9,417 crore, including Rs 981 crore on the import of goods.
Goods and services tax (GST) collections touched an all-time high of over ₹1.42 lakh crore in March, boosted by improved economic activity as the Omicron wave waned as well as anti-evasion measures and rate rationalisation. Separately released data showed the Indian Railways achieved the highest ever loading in a month during March at 139.25 million tonnes (MT), providing more evidence of economic recovery. Data released on Thursday showed core sector growth at a four-month high of 5.8% in February.
With this, the Centre's GST revenue for FY22 amounted to Rs 6.19 lakh crore, exceeding the revised budget target of Rs 5.70 lakh crore.
Team Edu-Visor