GST collections hit record high of Rs 1.24 lakh crore in March Top Searches GST collections hit record high of Rs 1.24 lakh crore in March TNN / Updated: Apr 2, 2021, 07:52 IST FacebookTwitterLinkedinEMail NEW DELHI: GST collections rose 27% to hit a record high of nearly Rs 1.24 lakh crore in March, helping to narrow the deficit for the full financial year to around 7%. The mop-up -- based on sales in February 2021, for which returns were filed in March -- was boosted by imports with revenue from imported goods jumping 70%, while those from domestic transactions, including services imports, were 17% higher than the corresponding period in 2020. The impact of the coronavirus pandemic was first seen in February 2020 when the lockdown in Wuhan resulted in a disruption of shipments coming from China, where the deadly virus was first spotted.