GST revenue at record high of ₹1.87 lakh cr in April
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The government has collected the highest ever monthly GST (Goods and Service Tax) revenue of ₹1,87,035 crore in April, up 12% from ₹1,67,540 crore collected in the same month last year.
"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 ₹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)," said the finance ministry in a release.
"The government has settled Rs 45,864 crore to CGST and Rs 37,959 crore to SGST from IGST. The total revenue of Centre and the States in the month of April 2023 after regular settlement is Rs 84,304 crore for CGST and Rs 85,371 crore for the SGST," said the ministry.
According to data from the government, the month of April witnessed the highest-ever tax collection on a single day on April 20. On April 20, 2023, ₹68,228 crore was paid through 9. 8 lakh transactions. The highest single-day payment last year (on the same date) was ₹57,846 crore through 9.6 lakh transactions, according to the ministry.
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The revenues for the month of April 2023 are 12% higher than the GST revenues in the same month last year, it added. The ministry also pointed out that during the month, the revenues from domestic transactions (including import of services) were 16% higher than the revenues from these sources during the same month last year.
"For the first time gross GST collection has crossed Rs 1.75 lakh crore mark. Total number of e-way bills generated in the month of March 2023 was 9.0 crore, which is 11% higher than 8.1 crore e-way bills generated in the month of February 2023," the ministry said.