At Rs 1.23 trillion, GST collection for March sets new record

The GST revenues during March 2021 are the highest since the introduction of GST. at Rs 1,23 trillion, the revenues for the month of March 2021 are 27 per cent higher than the GST revenues in the same month last year.

The GST collections for March 2021 touched an all-time high of about Rs 1.23 trillion, the Finance Ministry said on Thursday. GST Revenue collection for March’ 21 sets new recordThe gross GST revenue collected in the month of March 2021 is at a record of 1,23,902 crore(1/3)Read more https://t.co/QXBBbOAxvv pic.twitter.com/P6DIxtwjpk The ministry said that in with the trend of recovery in the GST revenues over past five months, the revenues for the month of March 2021 are 27 per cent higher than the GST revenues in the same month last year. During the month, revenues from import of goods were 70 per cent higher and the revenues from domestic transaction (including import of services) were 17 per cent higher than the revenues from these sources during the same month last year, the ministry said.