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GST collections break record, hit almost ₹1.24 lakh crore in March

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India’s gross GST collections in the month of March have hit a record figure of ₹1,23,902 crore, the Finance Ministry said on Thursday. This is the sixth month in a row since October 2020 that GST revenues have crossed ₹1 lakh crore.
The indirect tax collections in March are 27% higher than March 2020, the ministry said. Revenues from import of goods were 70% higher in March than a year ago, and the revenues from domestic transaction (including import of services) were 17% higher.
“The GST revenues during March 2021 are the highest since the introduction of GST,” the Finance Ministry said in a statement, stressing that this is in line with the trend of recovery in collections. ....

Abhishek Jain , Finance Ministry , Gst Collections , Gst March Collections , அபிஷேக் ஜெயின் , நிதி அமைச்சகம் , க்ஸ்ட் வசூல் , க்ஸ்ட் அணிவகுப்பு வசூல் ,

Top headlines: GST collections at record high; chaos mars polling in Bengal

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West Bengal , Mamata Banerjee , Suvendu Adhikari , Airtel Africa , Union Health Ministry , Election Commission , Finance Ministry , Chief Minister Mamata Banerjee , Airtel Mobile Commerce , Gst Collections , West Bengal Assembly Polls , Coronavirus Vaccine , மேற்கு பெங்கல் , மாமத பானர்ஜி , தொழிற்சங்கம் ஆரோக்கியம் அமைச்சகம் , தேர்தல் தரகு , நிதி அமைச்சகம் , தலைமை அமைச்சர் மாமத பானர்ஜி , ஏர்டெல் கைபேசி வர்த்தகம் , க்ஸ்ட் வசூல் , மேற்கு பெங்கல் சட்டசபை போல்ஸ் ,

March GST collections at nearly Rs 1.24 trillion, an all-time high

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At nearly Rs 1.24 trillion, the goods and services tax (GST) revenue collections in March 2021 were the highest since the tax system s introduction in July 2017, government said on Thursday. Also, the collections were up 27 per cent when compared with the year-ago period.
The government said that the GST revenues were above Rs 1 trillion for the last six months and a steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic.
Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue over last few months, it said. ....

Ministry Of Finance Finminindia , Goods And Services Tax , Gst Collections , Gst Revenues Collections , பொருட்கள் மற்றும் சேவைகள் வரி , க்ஸ்ட் வசூல் , க்ஸ்ட் வருவாய் வசூல் ,

GST revenue collection for March 2021 sets a new record

GST revenue collection for March 2021 sets a new record
The government has reported a collection of Rs 1,23,902 crore, setting a new record as of March 2021 for GST collection.
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The government set the highest record for GST collection since its introduction, and reported a record
Rs 1,23,902 crore in collection as of March 2021. Of the GST collected, Rs 22,973 crore were collected in CGST, SGST is Rs 29,329 crore, IGST is Rs 62,842 crore (including Rs 31,097 crore collected on import of goods), and Cess is Rs 8,757 crore (including Rs 935 crore collected on import of goods).
The government has settled Rs 21,879 crore to CGST and Rs 17,230 crore to SGST from IGST as a regular settlement. In addition, the Centre has also settled Rs 28,000 crore as IGST ad-hoc settlement in the ratio of 50:50 between Centre and States/UTs. ....

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GST Collection March 2021: GST collections at record high of Rs 1.23 lakh crore in March: Finance ministry | India Business News

India Business News: The goods and services tax (GST) collection in March this year stood at a record high of Rs 1.23 lakh crore, according to the data released by finance ....

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