LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Massive! GST collection at record Rs 1.06 lakh crore in March

GST collections scaled record high of Rs 1.06 lakh crore in March, up from Rs 97,247 crore in the previous month, as compliance improved amid increased number of returns filed. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Massive! GST collection at record Rs 1.06 lakh crore in March
For fiscal 2019-20, the GST collection target has been budgeted at Rs 13.71 lakh crore. Reuters
Written By: PTI
Updated: Mon, Apr 01, 2019
03:31 pm
New Delhi, PTI
RELATED NEWS
GST Good News: Know why Modi govt has pegged 18 percent rise in collections GST Good News: Know why Modi govt has pegged 18 percent rise in collections
Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale
Govt ropes in Amitabh Bachchan to promote GST Govt ropes in Amitabh Bachchan to promote GST
GST Impact: Ola, Uber rides could get cheaper from July 1; Govt reduces tax on cabs booking to 5% GST Impact: Ola, Uber rides could get cheaper from July 1; Govt reduces tax on cabs booking to 5%
GST Impact: Theme park & IPL visit to attract 28% tax; animal slaughtering & vet clinics exempt GST Impact: Theme park & IPL visit to attract 28% tax; animal slaughtering & vet clinics exempt

GST collections scaled record high of Rs 1.06 lakh crore in March, up from Rs 97,247 crore in the previous month, as compliance improved amid increased number of returns filed. "Total gross GST revenue collected in March, 2019 is Rs 1,06,577 crore of which Central GST is Rs 20,353 crore, State GST is Rs 27,520 crore, Integrated GST is Rs 50,418 crore and cess is Rs 8,286 crore," an official statement said. Total number of summary sales return GSTR-3B filed for the month of February up to March 31, stood at 75.95 lakh.

The collection in March 2019, has been highest since introduction of GST and also reflects a 15.6 per cent growth over March 2018, collection of Rs 92,167 crore. Monthly average of GST revenue during 2018-19, stood at Rs 98,114 crore which is 9.2 per cent higher than the previous fiscal. These figures indicate that the revenue growth has been picking up in recent months, despite various rate rationalisation measures.

The government has lowered the GST collection target for 2018-19 fiscal to Rs 11.47 lakh crore in the revised estimates, from Rs 13.71 lakh crore budgeted initially. GST collection stood at Rs 1.03 lakh crore in April, Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July, Rs 93,960 crore in August, Rs 94,442 crore in September, Rs 1,00,710 crore in October, Rs 97,637 crore in November, Rs 94,725 crore in December 2018, Rs 1.02 lakh crore in January 2019 and Rs 97,247 crore in February 2019.

For fiscal 2019-20, the GST collection target has been budgeted at Rs 13.71 lakh crore.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
GST Tax
RELATED NEWS
GST Good News: Know why Modi govt has pegged 18 percent rise in collections GST Good News: Know why Modi govt has pegged 18 percent rise in collections
Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale
Govt ropes in Amitabh Bachchan to promote GST Govt ropes in Amitabh Bachchan to promote GST
GST Impact: Ola, Uber rides could get cheaper from July 1; Govt reduces tax on cabs booking to 5% GST Impact: Ola, Uber rides could get cheaper from July 1; Govt reduces tax on cabs booking to 5%
GST Impact: Theme park & IPL visit to attract 28% tax; animal slaughtering & vet clinics exempt GST Impact: Theme park & IPL visit to attract 28% tax; animal slaughtering & vet clinics exempt

LATEST NEWS

Ileana D'Cruz is a ''beach bum for life''

ISL 7: Never faced such a tough team before, says Dias after loss to Mumbai

PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

Stocks to Buy with Anil Singhvi: GAIL is Special Pick today for experts Kunal Saraogi, Rakesh Bansal

IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650

Gold Price Today – Price fall continues, yellow metal cheaper by Rs 80; Silver expensive by Rs 495 when markets opened on Thursday

Central government employees, pensioners? How this FM Nirmala Sitharaman latest news today may impact you | EXPLAINED

Rajasthan RVUNL Recruitment 2021: Notification issued for vacancies in various posts! Check details here

PNB Scam: Big win for India; serious setback for Nirav Modi as he loses extradition fight

NSE glitch: Anil Singhvi demands investigation on market action between 3-3:30 pm; asks who caused huge jump in Bank Nifty and Nifty when FIIs were net sellers?

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved