GST collections hit all-time high in March at Rs 1.42 trn

The revenues for the month of March 2022 are 15% higher than the GST revenues in the same month last year

GST collection in March touched an all-time high of over Rs 1.42 trillion, an increase of 15% annually, on the back of rate rationalisation and anti-evasion steps, the finance ministry said on Friday.

With the record collection, the Centre's Goods and Services Tax (GST) mop-up has exceeded the revised budget target of Rs 5.7 trillion set for the previous fiscal ended March 31, 2022.

The gross GST revenue collected in March 2022 is Rs 1.42 trillion, 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