Goods and Services Tax (GST) revenue in March 2022 reached a new record of Rs 1.42 lakh crore, exceeding the previous high of Rs 1.40 lakh crore in January 2022. This robust collection represents a 15% increase compared to March 2021 and a significant 46% jump from March 2020. The growth is attributed to economic recovery, enhanced anti-evasion measures, and rate rationalisation, with both import and domestic transactions showing strong revenue increases.
All time high Gross GST collection in March2022, breaching earlier record of Rs. 1,40,986 crore collected in the Month of January 2022
Rs. 1,42,095 crore gross GST revenue collected in the month
The gross GST revenue collected in the month of March 2022 is Rs. 1,42,095 crore of which CGST is R
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FAQ :
The total Gross GST collection in March 2022 was Rs 1,42,095 crore, setting an all-time high.
The March 2022 collection of Rs 1,42,095 crore surpassed the previous record of Rs 1,40,986 crore collected in January 2022.
The record collection is due to economic recovery, intensified anti-evasion activities (particularly against fake billers), and rate rationalisation measures.
GST revenues in March 2022 were 15% higher than in March 2021.
Revenue from the import of goods in March 2022 was Rs 39,131 crore, which was 25% higher than the same month last year.
The average monthly gross GST collection for the last quarter of FY 2021-22 was Rs 1.38 lakh crore.