GST Collection: Increase in government’s earnings, GST collection increased by 13% in March, ₹ 1.60 lakh crore in treasury
highlights
GST collection is making record on record
Second highest collection since GST was implemented
In March, the government earned a total of 1,60,122 crores from GST revenue.
New Delhi. Good news has come on the economic front. Actually, once again there has been a record jump in the GST collection figures. The country’s GST collection has increased by 13 percent in March to more than Rs 1.60 lakh crore. In terms of GST collection, the last month of the last financial year (2022-23) has been great. This is the second biggest collection in the history of GST till date. The Finance Ministry gave this information on Saturday.
Releasing the GST collection figures for March 2023 on Saturday, the Finance Ministry said that the highest ever GST return was also submitted in this month. Prior to this, the GST collection in February was Rs 1.49 lakh crore while in January tax collection was Rs 1.57 lakh crore. The highest collection of GST was done in April 2022 to the tune of Rs 1.68 lakh crore.
₹1,60,122 crore gross #GST revenue collected for March 2023
👉 Second highest collection ever, next only to the collection in April 2022
Read more ➡️ https://t.co/qbQ4UNXyem
(1/3) pic.twitter.com/b4oaCmyzPB
— Ministry of Finance (@FinMinIndia) April 1, 2023
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Tags: finance ministry, gst, GST collection, Ministry of Finance
FIRST PUBLISHED : April 01, 2023, 17:02 IST
