Home Business News GST assortment for April 2023 at all-time excessive of Rs 1.87 lakh crore

GST assortment for April 2023 at all-time excessive of Rs 1.87 lakh crore

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GST assortment for April 2023 at all-time excessive of Rs 1.87 lakh crore

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The gross Items and Service Tax (GST) income collected within the month of April, 2023 was highest ever at 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 (together with Rs 34,972 crore collected on import of products) and cess is Rs 12,025 crore (together with Rs 901 crore collected on import of products), mentioned authorities on Monday.

“Gross GST assortment in April 2023 is all-time excessive, Rs 19,495 crore greater than the subsequent highest assortment of Rs 1,67,540 lakh crore, in April 2022,” mentioned Ministry of Finance.

GST revenues for April 2023 are 12% greater than the GST revenues within the year-ago interval.

For the primary time, gross GST assortment has crossed Rs 1.75 lakh crore-mark. Complete variety of e-way payments generated within the month of March 2023 was 9 crore, which is 11% greater than 8.1 crore e-way payments generated within the month of February 2023.

April 2023 noticed the highest-ever tax assortment on a single day on April 20 when Rs 68,228 crore was paid via 9.8 lakh transactions. The very best single day fee final yr (on the identical date) was Rs 57,846 crore via 9.6 lakh transactions.

In the course of the month, the revenues from home transactions (together with import of providers) are 16% greater than the revenues from these sources throughout the identical month final yr.

The entire gross assortment for the 2022-23 fiscal stood at Rs 18.1 lakh crore, 22 per cent greater than the earlier yr.



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