There has been a huge jump in the GST collection of the country. In March 2022, a total GST collection of Rs 1.42 lakh crore has been made, which is the highest ever in the history of GST. Earlier, in January 2022, the highest amount of Rs 1,40,986 lakh crore came to the exchequer in the form of GST.
new Delhi. Gross Goods and Services Tax (GST Collection) has increased to Rs 1.42 lakh crore in March. This is the highest GST collection in a month so far. The GST collection of March has broken the collection record of Rs 1,40,986 lakh crore in January, 2022. The collection of March, 2022 is 15 percent more than the GST collection of March last year and it is 46 percent more than the GST collection of March 2020.
In March, CGST collection was Rs 25,830 crore, SGST collection was Rs 32,378 crore, IGST collection was Rs 74,470 crore and Cess was Rs 9,417 crore. The monthly GST for the financial year 2022 is Rs 1.38 lakh crore. The government has said that the GST collection has increased due to economic reforms and action against fake billers.
Broken record
According to the data of the Ministry of Finance, this is the fourth highest collection in the history of GST. Earlier in January this year, the government had earned Rs 140986 crore from GST. Earlier, in April, 2021, the GST collection was Rs 139708 crore, which is the second largest recovery. After this, in February 2022, the government has earned the highest amount of Rs 133026 crore for the third time.
Now the Corona restrictions have also been removed by the government when the case of Corona decreased. Due to this economic activities in the country have increased. The economic system of the country is again getting back on track. The increase in GST collection is also indicating that now the business is running properly in the country.
