GST collections at record high of Rs 1.42 lakh crore in March - Times of India

GST collections at record high of Rs 1.42 lakh crore in March – Times of India

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NEW DELHI: Goods and services tax (GST) collections for the month of March touched a new record high of Rs 1.42 lakh crore, breaching its previous record of Rs 1.40 lakh crore in January.
In an official release, the ministry of finance said that gross GST revenues for March came in at Rs 1.42 lakh crore, 15 per cent higher than the revenues in the same period last year.
“During the month, revenues from import of goods was 25% higher and the revenues from domestic transaction (including import of services) are 11% higher than the revenues from these sources during the same month last year,” the release said.

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