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
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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.
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