GST revenues hit record-high in April at ₹ 1.87 lakh crore
The Hindu
India’s gross GST revenues in April grew 12% higher than the same month last year which had clocked the previous highest tax tally of ₹1.67 lakh crore.
India’s gross GST revenues hit a record high in April at ₹ 1,87,035 crore, 12% higher than the same month last year which had clocked the previous highest tax tally of ₹1.67 lakh crore.
Also read: March sees second highest GST collection of ₹1.6 lakh crore
GST Revenues from domestic transactions (including import of services) were 16% higher in April year-on-year. The Finance Ministry did not disclose the revenues attributable to goods imports for April, which had risen 8% in March.
GST Compensation Cess collections also hit a fresh record of ₹12,025 crore in April, which included about ₹900 crore collected from imports of goods. This tally eclipsed the ₹11,931 crore collected through the Cess in February, which was the highest till now.
April 20 also marked the highest ever single day GST collection, the ministry said, with ₹68,228 crore remitted by taxpayers through 9.8 lakh transactions.
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