India Records Highest-Ever GST Collection In April 2023

New Delhi, May 2 (KNN) According to data from the Union Finance Ministry, the Indian government's earnings from the Goods and Services Tax (GST) increased by 12 per cent compared to the previous year, reaching a historic high of Rs 1.87 lakh crore in April.

This growth was driven by significant increases in GST collections in several states, including Karnataka, Maharashtra, Uttar Pradesh, and Haryana.

As per the data, the gross
GST
collection
in
April
2023 is
Rs
19,495
crore
more than the next highest collection
of
Rs
1, 67,540
lakh
crore
recorded
in
April
2022.

April
GST
collections include, CGST (central goods and services tax) at
Rs
38,440
crore; SGST (state goods and services tax) at
Rs
47,412
crore; IGST (integrated goods and services tax) at
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).

Amongst states with highest GST collection, Karnataka collected Rs
14,593
crore
in
April
2023, registering an increase
of
23 per cent from the previous year in the same period.

Collections
in
Maharashtra surged by 21 per cent year-on-year to
Rs
33,196
crore
in
April.
In
Uttar Pradesh, it jumped by 21 per cent to
Rs
10,320
crore.
In
Haryana, the
GST
mop-up
jumped by 22 per cent year-on-year to
Rs
10,035
crore.

However, the growth
in
GST
mop-up
was sluggish
in
Gujarat, Delhi, Rajasthan and Odisha.

The highest ever single-day
GST
tax collection was recorded on April 20, 2023, when the
mop-up
stood at
Rs
68,228
crore
paid through 9. 8
lakh
transactions, the Ministry said.

It said that the central government settled
Rs
45,864
crore
to CGST and
Rs
37,959
crore
to SGST from IGST during the month
of
April. The total revenue
of
the 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.
(KNN Bureau)

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