India’s Goods and Services Tax (GST) revenue collection for the month of March 2023 is stood at 1.6 lakh crore rupees, which is 13 percent higher than the GST revenues in the same month of last year.
Finance Ministry said it is for the fourth time, in the current financial year that the gross GST collection has crossed 1.5 lakh crore rupees, since the implementation of GST.
Out of the total collection, CGST is 29,546 crore rupees, SGST is 37,314 crore rupees and IGST is 82,907 crore rupees, including 42,503 crore rupees collected on import of goods.
While cess contributed 10,355 crore rupees, including 960 crore rupees collected on import of goods.
Meanwhile, the total gross collection for year 2022-23 stands at 18.10 lakh crore ruppes, while the average gross monthly collection for the full year is 1.51 lakh crore rupees.
The Ministry said the gross revenues in 2022-23 were 22 percent higher than that last year.
WhatsApp us