GST Collection In April 2023 At Highest-Ever Level of Rs 1.87 Lakh Crore, Rises 12% YoY
GST Collection In April 2023 has crossed Rs 1.75 lakh crore a month mark for the first time.
GST revenues from domestic transactions (including import of services) are 16 per cent higher than the revenues from these sources during the same month last year
GST collections in April 2023 jumped 12 per cent YoY to hit its highest-ever level of Rs 1,87,035 crore, according to the latest official data released on Monday.
“For the first time, gross GST collection has crossed Rs 1.75 lakh crore mark,” the finance ministry said in a statement,
It added that the gross GST revenue collected in the month of April, 2023 is Rs 1,87,035 crore of which CGST is Rs 38,440 crore, SGST is Rs 47,412 crore, IGST is Rs 89,158 crore (including Rs 34,972 crore collected on import of goods) and cess is Rs 12,025 crore (including Rs 901 crore collected on import of goods).
“The revenues for the month of April 2023 are 12 per cent higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 16 per cent higher than the revenues from these sources during the same month last year,” according to the statement.
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