{"id":14155,"date":"2024-04-01T10:59:39","date_gmt":"2024-04-01T10:59:39","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=14155"},"modified":"2024-04-01T10:59:46","modified_gmt":"2024-04-01T10:59:46","slug":"gst-collections-hit-rs-1-78-lakh-crore-in-march-second-highest-since-roll-out","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/gst-collections-hit-rs-1-78-lakh-crore-in-march-second-highest-since-roll-out\/","title":{"rendered":"GST Collections Hit Rs 1.78 Lakh Crore In March, Second Highest Since Roll-Out"},"content":{"rendered":"<p>New Delhi, Apr 1: <a href=\"https:\/\/jammubulletin.com\/site\/ac-gives-amnesty-to-settle-tax-arrears-of-pre-gst-regime\/\">GST collections<\/a> in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the finance ministry said on Monday.<br \/>\nThe gross <a href=\"https:\/\/jammubulletin.com\/site\/std-icai-organise-day-long-capacity-building-programme-on-gst-at-jammu\/\">GST collection<\/a> for the last fiscal (April 2023-March 2024) stood at Rs 20.14 lakh crore, 11.7 per cent higher than the mop-up in the preceding fiscal.The average monthly gross collection for FY24 stood at Rs 1.68 lakh crore, exceeding Rs 1.5 lakh crore in the preceding fiscal.<br \/>\n\u201cGross Good and Services Tax (GST) revenue for March 2024 witnessed the second highest collection ever at Rs 1.78 lakh crore, with a 11.5 per cent year-on-year growth. This surge was driven by a significant rise in <a href=\"https:\/\/jammubulletin.com\/site\/enforcement-central-jammu-recovers-rs-2-01crore-penalty-from-gst-defaulters-till-dec-23\/\">GST<\/a> collection from domestic transactions at 17.6 per cent,\u201d the ministry said in a statement.<br \/>\nThe highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.<br \/>\nGST revenue net of refunds for March 2024 was Rs 1.65 lakh crore, 18.4 per cent higher over the same period a year ago.<\/p>\n<figure id=\"attachment_14156\" aria-describedby=\"caption-attachment-14156\" style=\"width: 300px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-14156\" src=\"https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/04\/GST-300x198.jpeg\" alt=\"GST Collections Hit Rs 1.78 Lakh Crore In March, Second Highest Since Roll-Out\" width=\"300\" height=\"198\" \/><figcaption id=\"caption-attachment-14156\" class=\"wp-caption-text\">GST Collections Hit Rs 1.78 Lakh Crore In March, Second Highest Since Roll-Out<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, Apr 1: 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. The gross GST collection for the last fiscal (April 2023-March 2024) stood at Rs 20.14 lakh crore, 11.7 per cent higher than the mop-up in the preceding fiscal.The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13,6,67,89],"tags":[],"class_list":["post-14155","post","type-post","status-publish","format-standard","hentry","category-breaking-news","category-business","category-header","category-national"],"gutentor_comment":0,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GST Coll Hit Rs 1.78 Lac Cr In Mar,2nd Highest Since Roll-Out<\/title>\n<meta name=\"description\" content=\"GST collections in 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