Economy
India's GST Revenues Hit Record High in April At ₹1.87 lakh crore
Swarajya Staff
May 01, 2023, 07:20 PM | Updated 07:20 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
India's April gross GST revenues reached a record high of ₹ 1,87,035 crore, a 12% increase from last year's highest tax tally of ₹1.67 lakh crore for the same month.
Domestic GST revenues, including import of services, rose 16% YoY in April. Goods import figures were not revealed, but had increased 8% in March according to the Finance Ministry.
In April, GST Compensation Cess collections reached a new record of ₹12,025 crore, including ₹900 crore from imports. This surpasses the previous high of ₹11,931 crore in February.
Further, on April 20 taxpayers made a record-breaking GST contribution of ₹68,228 crore through 9.8 lakh transactions, according to the ministry. This was the highest ever single day GST collection.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.