January 30, 2023

GST collection in March: 1.42 lakh crore GST collection in March

new Delhi. In line with the information launched by the Union Finance Ministry, the gathering of Items and Companies Tax (GST) in March was a couple of lakh 42 thousand crore rupees. This can be a new report for GST assortment. In line with authorities knowledge, the entire GST income in March 2022 was one lakh 42 thousand 095 crores. On this, Central i.e. CGST is Rs 25,830 crore, State i.e. SGST is Rs 32,378 crore, Built-in i.e. IGST is Rs 74,470 crore and Cess is Rs 9,417 crore. In IGST, income of Rs 39,131 crore and cess of Rs 981 crore has come from imports.

The Union Finance Ministry gave this data on Friday. In line with this knowledge, the GST assortment of March 2022 is 15 % greater than the GST assortment of the corresponding month of final 12 months and 46 % greater than the income of 2020. Earlier, the report of GST assortment of 1 lakh 40 thousand,986 crores was made in January 2022, which was damaged in March. That is the ninth consecutive month that the entire GST assortment has crossed Rs 1 lakh crore.

The overall GST assortment within the monetary 12 months 2021-2022 stood at Rs 14.83 lakh crore, which is 30 % greater than the 11.37 lakh crore in 2020-2021. The federal government has mentioned that the entire variety of e-way payments issued in February 2022 was 6.91 crore, as towards 6.88 crore in January 2022. Even after February being a 28-day month, the rise within the variety of e-way payments reveals that enterprise actions have picked up. On this foundation, the federal government has claimed a speedy restoration within the financial system.

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