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The gross GST revenue collected in the month of March 2021 is at a record of Rs. 1,23,902 crore of which CGST is Rs. 22,973 crore, SGST is Rs. 29,329 crore, IGST is Rs. 62,842 crore (including Rs. 31,097 crore collected on import of goods) and Cess is Rs. 8,757 crore (including Rs. 935 crore collected on import of goods). The government has settled Rs. 21,879 crore to CGST and Rs. 17,230 crore to SGST from IGST as regular settlement. In addition, Centre has also settled Rs. 28,000 crore as IG
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FAQ :
The total gross GST revenue collected in March 2021 was a record Rs. 1,23,902 crore.
GST revenues in March 2021 were 27% higher than in March 2020.
The increase is attributed to factors such as closer monitoring against fake billing, deep data analytics, effective tax administration, and a general economic recovery post-pandemic.
Yes, revenues from the import of goods were 70% higher, and revenues from domestic transactions (including import of services) were 17% higher compared to March 2020.
Ladakh showed the highest growth at 1527%, followed by Arunachal Pradesh (38%) and Manipur (40%).
The Centre released a compensation of Rs. 30,000 crore during March 2021.
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