GST collections rise 11.5 per cent year-on-year to Rs 1.78 lakh crore in March, second-highest ever

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In a notable development, the Goods and Services Tax (GST) collection has surged by 11.5 per cent year-on-year (YoY), reaching an impressive Rs 1.78 lakh crore in the month of March. The Finance Ministry has reported that this figure marks the second-highest collection ever recorded, reflecting a robust performance in revenue generation despite prevailing economic circumstances.

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