Goods and Services Tax (GST) revenue collection for April hit an all-time high at ₹1.87 crore lakh, the government announced on May 1, 2023. | Photo credit: Nagara Gopal
Gross GST revenue in India hit a record high in April at ₹1,87,035 crore, 12% higher than the same month last year, which saw the previous highest tax tally of 1.67 ₹ crore lakh.
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GST revenue from domestic transactions (including import of services) increased 16% in April year-on-year. The Finance Ministry did not disclose revenue attributable to merchandise imports for April, which rose 8% in March.
GST clearing cess collections also hit a new high of ₹12,025 crore in April, which included around ₹900 crore collected on imports of goods. This tally eclipsed the ₹11,931 crore raised through the Cess in February, which was the highest so far.
April 20 also marked the highest ever single-day GST collection, the ministry said, with ₹68,228 crore paid in by taxpayers through 9.8 lakh transactions.