<h1>March 2024 GST Revenue Hits Rs. 1.78 Lakh Crore, Second-Highest Monthly Collection with 11.5% Year-on-Year Growth.</h1> In March 2024, the Gross GST Revenue collection reached Rs. 1.78 lakh crore, marking the second-highest monthly collection and an 11.5% year-on-year increase. The fiscal year 2023-24 recorded a total gross GST revenue of Rs. 20.14 lakh crore, an 11.7% rise from the previous year, with an average monthly collection of Rs. 1.68 lakh crore. The March 2024 breakdown includes Rs. 34,532 crore from CGST, Rs. 43,746 crore from SGST, Rs. 87,947 crore from IGST, and Rs. 12,259 crore from Cess. The central government settled Rs. 43,264 crore to CGST and Rs. 37,704 crore to SGST from IGST collections in March.