GST

2024 - 4 - 1

March Madness: India's GST Collections Reach Record Heights

Financial Year - GST - Indian Economy - Revenue Collection - Taxation

Unveiling the staggering numbers behind India's recent GST collections!

In March 2024, India witnessed a remarkable surge in Goods and Service Tax (GST) collection, reaching a staggering Rs 1.78 lakh crore. This marks the second-highest collection ever recorded since the inception of GST. The fiscal year 2023-24 concluded on a high note with total gross GST collection exceeding Rs 20 lakh crore, showing an impressive 11.7% growth compared to the previous year.

The month of March proved to be historic in terms of revenue generation, with GST collections hitting record highs. The Finance Ministry reported a growth rate of 11.5% year-on-year, showcasing the resilience and robustness of the Indian economy. Among the highlights was the significant jump in domestic transactions contributing to this monumental achievement.

While bid farewell to FY24, it's noteworthy that April 2023 held the record for the highest GST collection ever, peaking at Rs 1.87 lakh crore. This underlines the consistent upward trajectory in GST collections, signaling a positive economic outlook for India. Moreover, the financial year's closure in 2023-24 not only showcased impressive GST figures but also highlighted the buoyancy in car sales and the success of Unified Payments.

As India celebrates the success of its GST collections, it's essential to recognize the pivotal role this indirect tax system plays in revenue generation and economic development. The consistent growth in GST collections reflects the resilience and adaptability of the Indian economy, positioning it for further growth and prosperity in the global market.

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Image courtesy of "The Economic Times"

GST collections: March GST collection up 11.5% YoY at Rs 1.78 ... (The Economic Times)

In March 2024, Goods and Service Tax (GST) collection surged 11.5% year-on-year to Rs 1.78 lakh crore, marking the second-highest since GST's inception in ...

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Image courtesy of "Business Today"

March GST collection second-highest ever at Rs 1.78 lakh crore ... (Business Today)

FY 2023-24 marks a milestone with total gross GST collection of Rs 20.14 lakh crore exceeding ₹20 lakh crore, a 11.7% increase compared to the previous ...

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Image courtesy of "Moneycontrol.com"

India's March GST collection second-highest ever at Rs 1.78 lakh crore (Moneycontrol.com)

For the entire fiscal year 2023-24, gross GST collection stood at Rs. 20.18 lakh crore, a 11.7 percent increase compared to the previous year.

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Image courtesy of "BQ Prime Hindi"

March GST Collection: रेवेन्यू 1.78 लाख करोड़ रुपये के पार! दूसरा सबसे ... (BQ Prime Hindi)

एक महीने में सबसे ज्‍यादा GST कलेक्शन का रिकॉर्ड अप्रैल 2023 के नाम है, जब ये आंकड़ा 1.87 लाख करोड़ रुपये की ऊंचाई पर पहुंच गया था.

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Image courtesy of "अमर उजाला"

GST Collection: मार्च में 1.78 करोड़ रुपये का जीएसटी कलेक्शन, सालाना ... (अमर उजाला)

GST Collection: मार्च में 1.78 करोड़ रुपये का जीएसटी कलेक्शन, सालाना आधार पर 11.5% बढ़ा आंकड़ा.

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Image courtesy of "The Hindu"

March sees second-highest gross GST revenue of ₹1.78 lakh crore ... (The Hindu)

GST revenues hit second-highest level at ₹1.78 lakh crore in March, with 11.5% growth year-on-year.

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Image courtesy of "Disha daily News"

మార్చిలో కొత్త రికార్డు జీఎస్టీ వసూళ్లు (Disha daily News)

దిశ, బిజినెస్ బ్యూరో: దేశీయంగా మరోసారి రికార్డు స్థాయి జీఎస్టీ ఆదాయం వచ్చింది. ఈ ఏడాది మార్చి నెలకు సంబంధించి వస్తు, సేవల పన్ను (జీఎస్‌టీ) ...

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Image courtesy of "आज तक"

GST Collection: 1 अप्रैल को आई बड़ी खुशखबरी, GST कलेक्शन में बना ... (आज तक)

GST Collection In March 2024 : सरकार द्वारा सोमवार को जारी आंकड़ें देखें तो पूरे वित्त वर्ष 2023-24 में मासिक आधार पर औसत जीएसटी कलेक्शन ...

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Image courtesy of "Business Standard"

March GST collection grows 11.5% to Rs 1.78 trillion, says FinMin (Business Standard)

GST Collections In March 2024: The gross total GST collection for FY24 stood at Rs 20.14 trillion, up by 11.7 per cent when compared to FY23.

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Image courtesy of "NDTV"

GST Collections Hit ₹ 1.78 Lakh Crore In March, Second Highest Ever (NDTV)

GST collections in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the finance ministry said on Monday.

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Image courtesy of "Business Standard"

GST collections hit Rs 1.78 trillion in March, the second highest ever (Business Standard)

The financial 2023-24 (FY24) ended on a positive note for the Indian economy with goods and services tax (GST) collection, car sales, and Unified Payments ...

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Image courtesy of "Livemint"

Farewell to FY24, with sterling GST collections | Mint (Livemint)

The outgoing financial year saw the highest goods and services tax collections on record, while March had the second highest collections since the indirect ...

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Image courtesy of "Deccan Herald"

Government collects Rs 20 lakh crore from GST in FY 24 (Deccan Herald)

New Delhi: Revenue collection from Goods and Services Tax (GST) surged by 11.7 per cent to Rs 20.18 lakh crore in the financial year ended March 31, ...

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Image courtesy of "Times of India"

GST March tally second highest at Rs 1.8 L cr, Rs 20 L cr + for year (Times of India)

India Business News: NEW DELHI: Goods and services tax collections rose 11.

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Image courtesy of "Livemint"

GST upsurge: This tax needs to be tweaked | Mint (Livemint)

For 2023-24, India's GST revenue crossed ₹20 trillion. If its weak mop-ups are firmly in the past, at long last, we must go for slab and rate reforms.

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Image courtesy of "సాక్షి"

పెరిగిన జీఎస్టీ వసూళ్లు.. ఎంతంటే.. (సాక్షి)

జీఎస్టీ వసూళ్లు ప్రతినెల భారీగా వసూలు అవుతున్నాయి. మార్చి నెలకుగాను రూ.1.78 లక్షల కోట్ల జీఎస్టీ వసూలైనట్లు ఆర్థిక మంత్రిత్వ శాఖ ...

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Image courtesy of "Hindustan Times"

March GST collections hit ₹1.78L crore, 2nd-highest ever (Hindustan Times)

GST collection for FY 2023-24 exceeded ₹20 lakh crore, with March collection at ₹1.78 lakh crore. Robust growth reflects economic resurgence and ...

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Image courtesy of "Times of India"

GST collection sees 18% rise (Times of India)

Chandigarh's GST collection showed consistent growth, hitting Rs 238 crore in March 2024. The city's revenue experienced significant increases through.

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Image courtesy of "Patrika News"

GST Collection: मोदी सरकार की छप्‍परफाड़ कमाई, 20 लाख करोड़ रहा GST ... (Patrika News)

GST Collection : मार्च में क्र 1.78 लाख करोड़ जीएसटी कलेक्शन रहा, मैन्युफैक्चरिंग में तेजी के साथ कारों की बिक्री और यूपीआई लेनदेन में भी ...

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