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    Vikshita Vitthal Gujaran in News

    03-Apr-2023 06:08 AM


    March Sees Second Highest GST Collection Of Rs 1.60 Lakh Crore

    Gross #GST revenue collected in March 2023 is Rs 1,60,122 crore, of which Central GST is Rs 29,546 crore.
    GST collections in March grew 13 per cent to the second highest ever at Rs 1.60 lakh crore, taking the growth rate of revenue mop-up for full 2022-23 fiscal to 22 per cent.
    The average gross monthly collection for the full year is Rs 1.51 lakh crore.
    Last month also witnessed the highest IGST collection ever, the ministry said.
    During the month, revenue from import of goods was 8 per cent higher and revenue from domestic transaction (including import of services) is 14 per cent higher than the revenue from these sources during the same month last year.
    Deloitte India , Partner, Leader - Indirect Tax, Mahesh Jaising said with the growth in economic activity and increased focus on GST analytics based audits, the trend should see upward trajectory in the coming months.

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