The GST assortment in April 2023 was the highest-ever, the federal government mentioned
New Delhi:
The products and providers tax (GST) income assortment for April 2023 was the highest-ever at Rs 1.87 lakh crore, the federal government mentioned in the present day.
Final month’s gross GST assortment was greater than the earlier highest in April 2022 by Rs 19,495 crore – or 12 per cent larger than the GST assortment year-on-year.
The centre collected Rs 68,228 crore on April 20 – the highest-ever single-day assortment.
The federal government’s information reveals GST assortment elevated by greater than 10 per cent each month since January 2023.
“The revenues for April 2023 are 12 per cent larger than the GST revenues in the identical month final 12 months,” the federal government’s Press Data Bureau mentioned in a press release.
“Throughout the month, the revenues from home transactions (together with import of providers) had been 16 per cent larger than the revenues from these sources throughout the identical month final 12 months,” it mentioned.
Sikkim’s GST income assortment progress of 61 per cent was the very best among the many states at Rs 426 crore in April 2023, in comparison with Rs 264 crore in the identical month final 12 months, in keeping with information revealed by the federal government in the present day.
Although Sikkim’s GST income progress share is larger, the quantity collected is smaller than in larger states like Gujarat and Haryana.
GST income assortment by states and progress
GST assortment tendencies
Gujarat collected Rs 11,721 crore in April 2023, towards Rs 11,264 crore in the identical month final 12 months – an increase of 4 per cent. Haryana collected Rs 10,035 crore this April, towards Rs 8,197 crore in the identical month final 12 months – a 22 per cent progress.