GST collection at all-time high of Rs 1.42 lakh crore

Tribune News Service

New Delhi, April 1

The Centre’s goods and services tax collection in March touched an all-time high of over Rs 1.42 lakh crore due to rate rationalisation and anti-evasion steps, the Union Finance Ministry said.

Budget target exceeded

• Rs1.41L cr the last high for GST collections (in January)
• Rs1.33L cr Feb gross collections
• Rs5.70L cr revised Budget target exceeded for FY 2021-22

The healthy collections helped exceed the revised Budget target of Rs 5.70 lakh crore for 2021-22 fiscal. The average monthly gross GST collection in January-March stood at Rs 1.38 lakh crore, against the average collection of Rs 1.30 lakh crore in the third quarter. —

About The Author

Tribune News Service

The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.

Join Whatsapp Channel of The Tribune for latest updates.

#gst