India's GST collections hit all-time high in March at Rs 1.42 trn
Published On: Friday, April 1, 2022 | By: Team KnowMyStock
India's Gross GST collection in March touched an all-time high of over Rs 1.42 trillion, the Finance Ministry said today(1 April 2022). The gross GST revenue collected in March 2022 is Rs 1.42 trillion, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods) and cess is Rs 9,417 crore (including Rs 981 crore collected on import of goods). The gross GST collection in March 2022 is an all-time high, breaching an earlier record of nearly Rs 1.41 trillion collected in January.
he government has settled Rs 29,816 crore to CGST and Rs 25,032 crore to SGST from IGST as regular settlement. In addition, Centre has also settled Rs 20,000 crore of IGST on ad-hoc basis in the ratio of 50:50 between Centre and states/UTs in March. The total revenue of Centre and the states in the month of March 2022 after regular and ad-hoc settlements is Rs 65,646 crore for CGST and Rs 67,410 crore for the SGST. Centre also released GST compensation of Rs 18,252 crore to states/UTs during the month.
Tags: GST
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