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.
Browse India updates
Lower threshold for e-invoicing from 1st April 2022
- Mandate information
Government departments and local authorities exempt from e-invoicing
- Mandate information
Compliance relief offered in light of Covid-19 pandemic
- Country updates
India extends the scope of the invoice reporting mandate from April 1, 2021
- Mandate information
India delays invoice mandate
- Mandate information
Further information on the Indian mandate
- Mandate information
Indian e-invoicing deadline confirmed for April 2020
- Mandate information
Schedule a free consultation
Let us show you how we can support your business to send 100% compliant e-invoices in 54 countries. Please provide your details and one of our team will be in touch.