New Delhi: GST collection in March crossed the Rs 1-lakhcrore mark, the highest since the tax reform measure was rolled out in July 2017, bringing relief for the government battling sluggish receipts.
Total gross GST collected in March was Rs 1,06,577 crore, of which CGST was Rs 20,353 crore, SGST Rs 27,520 crore, IGST Rs. 50,418 crore (including Rs 23,521 crore collected on imports) and cess was Rs 8,286 crore (including Rs 891crore collected on imports), according to finance ministry data.
The rebound in GST revenues comes against the backdrop of robust receipts on the direct tax front, with tax officials expressing confidence about meeting the 2018-19 target. They said receipts will keep flowing in till middle of the month and a final picture would be available by then.
In an interview to TOI, finance minister Arun Jaitley
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