In April, GST collection increased by 12% to Rs 1.87 lakh crore, the largest monthly mop-up since the indirect tax system was implemented.
According to a statement from the finance ministry, the total GST income received in the month of April 2023 was Rs 1,87,035 crore, of which CGST was Rs 38,440 crore, SGST was Rs 47,412 crore, IGST was Rs 89,158 crore (including Rs 34,972 crore collected on import of goods), and cess was Rs 12,025 crore.
Previously, in April of last year, there were Rs 1.68 lakh crore in receipts.
According to the government, “the revenues for the month of April 2023 are 12% higher than the GST revenues in the same month last year.”
The month's domestic transaction revenues (including those from the import of services) were 16% higher than they had been in the same month previous year.
The fiscal year 2022–2023 had an 18.10 lakh crore total gross collection, a 22% increase over the prior year.
