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India’s Goods and Service Tax (GST) collections have recorded highest collection since the implementation. It was up by 26.96 per cent from Rs 97,590 crore in March 2020. The gross GST revenue collected in the month of March 2021 was 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).
GST revenues crossed above Rs 1 lakh crore mark at a stretch for the last six months and a steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic.
Maharashtra has seen a 14 per cent rise in GST collection in March 2021 compared with March 2020. In March 2020, the state registered a GST of Rs 15,002.11 crore whereas in March 2021, it reported Rs 17,038.49 crore in GST revenue.
