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GST collections hit all-time high in March at ₹1.42 lakh cr

The gross goods and services tax (GST) revenue collected in the month of March 2022 is 1.42 lakh crore, the highest-ever since the implementation the new taxation system.

GST collections in March is all time high breaching earlier record of 1,40,986 crore collected in the month of January 2022.

The revenues for March are 15% higher than the GST revenues in the same month last year and 46% higher than the GST revenues in March 2020, ministry of finance said in a statement.

Source Livemint

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