Record high GST collection in April
The gross GST revenue collection in April 2023 (for transactions made in March) stood at Rs 1.87 crore (exactly Rs 1,87,035 crore). This was the highest ever for a month, and was Rs 19,495 more than the previous highest of Rs 1,67,540 crore, which came about in March 2022 (for transactions made in February).
The April GST collection also contained another record—that of the highest single-day tax collection. Tax worth Rs 68,228 crore was paid through 9. 8 lakh transactions on April 20, 2023.
The April 2023 GST collection also showed a year-on-year growth of 12 per cent (that is, 12 per cent higher than the GST revenue in the same month last year).
