04.28.22
GST collections hit an all-time high of ₹ 1.42 lakh crore in March 2022
In March 2022, the goods and services tax (GST) revenue collected was ₹1.42 lakh crore ($18.93Bn), the highest amount since the new taxation system was implemented in India. Ministry of finance said in a statement that GST revenues for March 2022 are 15% higher than the same month last year and 46% higher than March 2020. These results show how powerful Continuous Transaction Controls (CTC) can be from a tax collection perspective.
Together with economic recovery, anti-evasion activities, especially action against fake billers have contributed to the enhanced GST, said the government.
Tungsten Network can ensure Indian taxpayers remain compliant, now and in the future.
Browse India updates
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