The GST assortment in April 2023 was the highest-ever, the federal government stated
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 stated immediately.
Final month’s gross GST assortment was greater than the earlier highest in April 2022 by Rs 19,495 crore – or 12 per cent greater 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 knowledge reveals GST assortment elevated by greater than 10 per cent each month since January 2023.
“The revenues for April 2023 are 12 per cent greater than the GST revenues in the identical month final yr,” the federal government’s Press Info Bureau stated in an announcement.
“In the course of the month, the revenues from home transactions (together with import of providers) have been 16 per cent greater than the revenues from these sources throughout the identical month final yr,” it stated.
Sikkim’s GST income assortment progress of 61 per cent was the best among the many states at Rs 426 crore in April 2023, in comparison with Rs 264 crore in the identical month final yr, in line with knowledge revealed by the federal government immediately.
Although Sikkim’s GST income progress proportion is greater, 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 yr – an increase of 4 per cent. Haryana collected Rs 10,035 crore this April, towards Rs 8,197 crore in the identical month final yr – a 22 per cent progress.