GST mop-up in March at Rs 1.60 lakh cr 2nd highest ever; FY23 collections stand at Rs 18.10 lakh cr

GST collections in March grew 13 per cent to the second highest ever at Rs 1.60 lakh crore, taking the growth rate of revenue mop-up for full 2022-23 fiscal to 22 per cent. In April 2022, GST collection had touched a record high of close to Rs 1.68 lakh crore. The second highest mop-up was recorded in March 2023, at a little over Rs 1.60 lakh crore. For full 2022-23 fiscal year, gross Goods and Services Tax (GST) mop-up grew 22 per cent to Rs 18.10 lakh crore. The average gross monthly collection for the full year is Rs 1.51 lakh crore.