India’s goods and services tax collection rises 10% on-year in March

NEW DELHI (Reuters) – India’s gross goods and services tax (GST) collection in March rose 10% year-on-year to 1.96 trillion rupees ($22.91 billion), according to a statement released by India’s finance ministry on Tuesday.

Net GST excluding refunds rose 7.3% year-on-year to 1.77 trillion rupees in March, compared to 1.63 trillion rupees collected a month ago, the statement showed.

($1 = 87.4660 Indian rupees)

(Reporting by Shivangi Acharya in New Delhi; Editing by Janane Venkatraman)

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