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Second highest monthly Gross GST Revenue collection in March at ₹1.78 lakh crore. Records 11.5% y-o-y growth (18.4% on net basis). - With Rs 1.78 Lakh Crore In March, GST Collections Record Second Highest Since Rollout ....
Centre has also settled Rs 28,000 crore as IGST ad-hoc settlement Goods and Services Tax (GST) collections hit an all-time high of Rs 1,23,902 crore in March, data released by Finance Ministry showed. On a monthly basis GST collections rose by 9.5 per cent from Rs 1,13,143 crore in February. “GST revenues crossed above Rs 1 lakh crore-mark at a stretch for the last six months and a steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic, Finance Ministry said in a press release. The government settled Rs 21,879 crore to CGST and Rs 17,230 crore to SGST from IGST as a regular settlement. In addition, Centre has also settled Rs 28,000 crore as IGST ad-hoc settlement in the ratio of 50:50 between Centre and States/UTs. ....