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Economic news: New record for GST collection in India in March, Pakistan rupee reaches historic low

New document for GST assortment in India in March, Rs 1.42 lakh crore collected

The gross GST assortment in India over the past March reached a document degree of Rs 1,42,095 crore. Earlier, a document GST assortment of Rs 1,40,986 crore was achieved in January this 12 months. Based on the official knowledge launched by the Finance Ministry on Friday, out of the gross GST assortment, CGST is Rs 25,830 crore, SGST Rs 32,378 crore, IGST Rs 74,470 crore (together with Rs 39,131 crore collected on import of products) and Cess Rs 9,417 crore (on import of products). 981 crore collected).

The federal government settled Rs 29,816 crore CGST and Rs 25,032 crore SGST from IGST as common cost. Other than this, the Heart has additionally settled Rs 20,000 crore of IGST on this month on advert hoc foundation within the ratio of 50-50 between the Heart and the States/UTs, the ministry mentioned.

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