GST Collections For April Rose 16.8% To Stand At Rs 1,87,035 Crore

New Delhi: The gross GST revenue for April 2023 stood at Rs 1,87,035 crore, a 16.8 per cent increase over the March 2023 gross GST collection of Rs 1,60,122 crore. The gross GST collection in April 2023 is also the highest ever and is Rs 19,495 crore surpassing the previous highest collection of Rs 1,67,540 lakh crore, which was recorded in April 2022.

Official sources said that for the first time the gross GST collection crossed the Rs 1.75 lakh crore mark. ,Also Read: Anand Mahindra Birthday: Top Cars Owned By The Business Tycoon – Check List,

According to data released by the Finance Ministry on Monday, of the gross GST collection of Rs 1,87,035 crore, CGST was Rs 38,440 crore, SGST Rs 47,412 crore, IGST Rs 89,158 crore (including Rs 34,972 crore collected on imports). of goods) and cess was Rs 12,025 crore (including Rs 901 crore collected on import of goods). ,Also read: First Republic Bank Crisis: Who Is James Herbert? Know everything about the founder,

The government has settled Rs 45,864 crore in CGST and Rs 37,959 crore in SGST from IGST.

According to official figures, the total revenue of the Center and states in April 2023 after regular settlement is Rs 84,304 crore for CGST and Rs 85,371 crore for SGST.

The revenue for April 2023 is 12 percent more than the GST revenue recorded in the same month last year.

During April 2023, revenue from domestic transactions (including import of services) was 16 per cent higher than the revenue from these sources during the same month last year.

The total number of e-way bills generated in March 2023 stood at 9 crore, which is 11 per cent higher than the 8.1 crore e-way bills generated in February 2023.

April 2023 saw the highest ever tax collection on a single day i.e. April 20, when Rs 68,228 crore was paid through 9.8 lakh transactions.

The highest single day payments last year (on the same date) was Rs 57,846 crore through 9.6 lakh transactions.