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GST collection rises 13 per cent to Rs 1.60 lakh crore in March

GST collection rises 13 per cent to Rs 1.60 lakh crore in March
The gross GST revenue collected in the month of March 2023 is Rs1,60,122 crore of which CGST is Rs 29,546 crore, SGST is Rs 37,314 crore, IGST is Rs 82,907 crore (including Rs 42,503 crore collected on import of goods) and cess is Rs 10,355 crore (including Rs 960 crore collected on import of goods). It is for the fourth time in the current financial year that the gross GST collection has crossed the Rs 1.5 lakh crore mark, registering the second-highest collection since the implementation of GST. This month witnessed the highest IGST collection ever. GST collection grew 13 per cent in March. .
The government has settled Rs 33,408 crore to CGST and Rs 28,187 crore to SGST from IGST as regular settlement. The total revenue of the Centre and the States in the month of March 2023 after the IGST settlement is Rs 62,954 crore for CGST and Rs 65,501 crore for the SGST.
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