Quick Summary
Second highest monthly Gross GST Revenue collection in March at Rs 1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis) Yearly gross revenue Rs 20.14 lakh crore; 11.7% growth (13.4% on net basis) Gross Good and Services Tax (GST) revenue for March 2024 witnessed the second highest collection ever at Rs 1.78 lakh crore, with a 11.5% year-on-year growth. This surge was driven by a significant rise in GST collection from domestic transactions at 17.6%. GST revenue net of refunds f
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The total Gross GST revenue collected in March 2024 was Rs 1.78 lakh crore.
GST revenue in March 2024 saw an 11.5% year-on-year growth.
The total gross GST collection for the fiscal year 2023-24 reached Rs 20.14 lakh crore.
The surge in GST revenue was primarily driven by a significant 17.6% rise in GST collection from domestic transactions.
The net GST revenue after refunds for March 2024 was Rs 1.65 lakh crore, representing an 18.4% growth over the same period last year.
The average monthly GST collection for the fiscal year 2023-24 was Rs 1.68 lakh crore.
CAclubindia
