New Delhi: The Ministry of Finance on Sunday recorded an all-time high in GST collection amounting to ₹1.68 lakh crore in the month of April amid the improvement in economic activities. The collections in the month of April is ₹25,000 crores higher than in the month of March 2022.
According to the reports, the gross GST revenue collected in the month of April stood at ₹1,67,540 crores which include ₹33,159 crores of Central-GST and ₹41,793 crores of State-GST, and Integrated-GST of ₹81,939 crores. It also included cess which stood at ₹10,649 crores.
The report also added that the government has settled ₹33,423 crores to CGST and ₹26,962 crores of SGST from IGST. It further added that “The total revenue of Centre and the State in the month of April 2022 after the regular settlement is ₹66,582 crores for CGST and ₹68,755 crores for the SGST.”
Finance Ministry said the revenues for the month of April 2022 are 20 percent higher than the GST revenues in the same month last year. During the month, revenues from import of goods were 30 percent higher and the revenues from the domestic transaction are 17 percent higher than the revenues from these sources during the same month last year.
The Finance Ministry mentioned that for the first time Gross GST collection has crossed the 1.5 lakh crore rupees mark.
The total number of e-way bills generated in the month of March 2022 was 7.7 crore, which is 13 percent higher than the 6.8 crore e-way bills generated in the month of February 2022, which reflects the recovery of business activity at a faster pace.