GST revenue crosses Rs.2 lakh crore in Mar
India, April 2 -- GST revenue crossed Rs.2 lakh crore in March after nine months, rising nearly 9% year-on-year, with much of the growth driven by a sharp rise in import-linked revenues, government data showed on Wednesday. Gross GST collections for the financial year ended March 31, 2026 stood at Rs.22.27 lakh crore, up from Rs.20.56 lakh crore in 2024-25 (adjusted for compensation cess for a like-to-like comparison), reflecting an 8.3% increase. The GST Council had in September 2025 decided to phase out the compensation cess after it served its purpose. In March, gross collections were Rs.2,00,064 crore, compared to Rs.1,83,845 crore a year earlier (adjusted for compensation cess), the data showed. GST revenue from imports stood at Rs.53,...
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