<h1>India's Gross GST Collection Hits Record High of Rs. 1.42 Lakh Crore in March 2022, Boosted by Economic Recovery.</h1> In March 2022, the gross GST collection reached an all-time high of Rs. 1,42,095 crore, surpassing the previous record of Rs. 1,40,986 crore in January 2022. This includes Rs. 25,830 crore from CGST, Rs. 32,378 crore from SGST, Rs. 74,470 crore from IGST, and Rs. 9,417 crore from cess. The revenue increased by 15% compared to March 2021 and 46% compared to March 2020, driven by economic recovery, anti-evasion measures, and rate rationalization. The government settled Rs. 29,816 crore to CGST and Rs. 25,032 crore to SGST from IGST, with an additional ad-hoc settlement of Rs. 20,000 crore. GST compensation of Rs. 18,252 crore was also released to States/UTs.