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GST collection rises to all-time high of Rs 1.42 lakh cr in March

GST collection rises to all-time high of Rs 1.42 lakh cr in March

GST collections soared to an all-time high of Rs 1.42 lakh crore in March as the fiscal year-end frenzy to meet targets saw strong sales and crackdown on evasions brought in more taxes.

The Goods and Services Tax (GST) collection rose 15 per cent annually in March, the finance ministry said on Friday.
With the record collection, the Centre’s GST mop-up has exceeded the revised budget target of Rs 5.70 lakh crore set for the previous fiscal ended March 31, 2022.

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