March GST collections at nearly Rs 1.24 trillion, an all-time high

The government said that the GST revenues were above Rs 1 trillion for the last six months and a steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic

At nearly Rs 1.24 trillion, the goods and services tax (GST) revenue collections in March 2021 were the highest since the tax system's introduction in July 2017, government said on Thursday. Also, the collections were up 27 per cent when compared with the year-ago period.

"GST revenues during March 2021 are the highest since introduction of GST. In line with the trend of recovery in the GST revenues over past five months, the revenues for the month of March 2021 are 27 per cent higher than the GST revenues in the same month last year," the ministry of finance