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. —

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