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    <title>Second highest monthly Gross GST Revenue collection in March at 1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis)</title>
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    <description>Gross GST revenue for March 2024 was the second-highest monthly collection, led by higher domestic transactions, and net-of-refunds receipts for March and FY 2023-24 showed significant year-on-year growth. The release presents component-wise figures for CGST, SGST, IGST (including imports) and cess, and describes IGST-based settlements from the Centre to states that determine post-settlement state receipts. State-wise comparisons and pre- and post-settlement SGST tables illustrate differing growth rates and the settlement mechanism&#039;s effect on distributable revenues.</description>
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