Business Business Stories Interviews

Gross GST collection touches all time high of Rs 1.42lakh crore in March

The gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods) and cess is Rs 9,417 crore (including Rs 981 crore collected on import of goods). During the month, revenues from import of goods were 25 per cent higher while the revenues from domestic transactions (including import of services) were 11 percent higher than the revenues from these sources in March 2021.
The gross collection in April 2021 was over Rs 1.39 lakh crore, May (Rs 97,821 crore), June (Rs 92,800 crore), July (over Rs 1.16 lakh crore), August (over Rs 1.12 lakh crore), September (over Rs 1.17 lakh crore), October (over Rs 1.30 lakh crore), November (Rs 1.31 lakh crore), December (over Rs 1.29 lakh crore), January (Rs 1.40 lakh crore) and February (Rs 1.33 lakh crore).
“Coupled with economic recovery, anti-evasion activities, especially action against fake billers have been contributing to the enhanced GST. The improvement in revenue has also been due to various rate rationalization measures undertaken by the Council to correct inverted duty structure,” the ministry said in a statement.

English »