At Rs 1.87 lakh crore, the GST revenue collection in April is an all-time high. The previous record high was Rs 1.68 lakh crore, collected in April 2022. Gross GST collection in April 2023 is all-time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022.
The gross GST revenue collected in the month of April 2023 is ₹ 1,87,035 crore. Of which CGST is ₹38,440 crore, SGST is ₹47,412 crore, IGST is ₹89,158 crore, and cess is ₹12,025 crore. The government has settled ₹45,864 crore to CGST and ₹37,959 crore to SGST from IGST. The total revenue of the Centre and the States in the month of April 2023 is ₹84,304 crore for CGST and ₹85,371 crore for SGST. reportsrecords.com
The revenues for the month of April 2023 are 12% higher than the GST revenues in the same month last year. The revenues from domestic transactions are 16% higher than the revenues from these sources during the same month last year.
For the first time gross GST collection has crossed ₹1.75 lakh crore mark. The total number of e-way bills generated in the month of March 2023 was 9.0 crore, which is 11% higher than the 8.1 crore e-way bills generated in the month of February 2023.
The month of April 2023 saw the highest-ever tax collection on a single day. On 20th April 2023, ₹ 68,228 crore was paid through 9. 8 lakh transactions. The highest single-day payment last year on the same date was ₹ 57,846 crore through 9.6 lakh transactions.
Maharastra contributed the highest GST revenue collection of Rs 33, 196 crores with a 21 %of growth in comparison with that of last year. While Sikkim registered the highest growth of 61 % in GST collection. Lakshadweep is the only Union territory that has a 7 percent of negative growth in GST collection in comparison to the year 2022.
