04-April-2025
Taxation
 
At Rs 1.96 lakh crore, GST receipts second-highest in March
02-Apr-2025

Gross goods and services tax (GST) collection grew 9.9% to Rs 1.96 lakh crore in March (February transactions), the second-highest mop-up ever, reflecting an uptick in goods shipments. According to the government data, GST revenues from domestic transactions rose 8.8% to Rs 1.49 lakh crore, while revenue from imported goods was up 13.56% to Rs 46,919 crore. The gross collection includes Central GST receipts of Rs 38,145 crore, state GST of Rs 49,891 crore and Integrated GST (IGST) of Rs 95,853 crore. Cess collection stood at Rs 12,253 crore in March.

News Source:- https://www.financialexpress.com/policy/economy-at-rs-1-96-lakh-crore-gst-receipts-second-highest-in-march-3795676/