content_image_79b66836-1331-44ac-a6ff-67710d14a46cNew Delhi: The start of the new financial year 207-2 is expected to be excellent. GST Tax Collection According to a report, the Goods and Services Tax collection in April stood at Rs. 1.50 lakh crore may cross the record level. In this way, for the second consecutive month, the GST collection in the country will reach a new peak.

On the basis of the record e-way bill issued in March, the GST collection may reach a new record level in April also. According to the data, more than 2.16 crore e-way bills have been generated under GST. 15 percent more e-way bills were generated in March than in February. E-way bill is the income of the government. Increasing e-way bill issue means that the government will get more revenue from GST.

In March 2009, 8,412 crore e-way bills were generated, which is the highest monthly data since the online system was launched on 1 April 2016. The increase in e-way bill generation reflects the increase in demand and shipments by companies before the end of the year.

GST collection in March (February transaction) stood at Rs. reached an all-time high of 1.5 trillion. In February, e-way bill generation grew by 0.6% to Rs 2.412 crore, while March GST collection (February transactions) grew by 4.5% to Rs 1.5 trillion on a monthly basis.

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