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.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.