April 2023 is a big revenue month for Modi Govt. The statistics of GST collections are proof of this. The government has collected Rs.1.87 lakh crore from Goods and Services Tax (GST) in just one month. This is the highest monthly collection in GST so far. Last year in April through GST..
April 2023 is a big revenue month for Modi Govt. The statistics of GST collections are proof of this. The government has collected Rs.1.87 lakh crore from Goods and Services Tax (GST) in just one month. This is the highest monthly collection in GST so far. In April last year, the government collected Rs.1.67 lakh crore through GST. In this way, the government’s GST collection in April this year is Rs 19,495 crore more than last year.
Appreciated by Prime Minister Modi
Prime Minister Narendra Modi also praised these GST collection figures. He said that despite the low tax rate, the tax collection in the country is increasing. This is good news for the Indian economy. This shows the success of GST which has increased tax law integration and compliance in the country, he said via Twitter.
68,228 crores in a single day on April 20
On April 20, the Ministry of Finance revealed that Rs.68,228 crore GST was collected on a single day. This is the highest GST collection in a single day. This record was created with 9.8 lakh transactions that day.
Great news for the Indian economy! Rising tax collection despite lower tax rates shows the success of how GST has increased integration and compliance. https://t.co/xf1nfN9hrG
— Narendra Modi (@narendramodi) May 1, 2023
GST collection in April 2023 is 12 percent higher than last year’s collection. Out of the total GST collection of Rs.1,87,035 crore, the central government’s collection ie CGST is Rs.38,440 crore. After this, the GST collections of states i.e. SGST is Rs.47,412 crores. Integrated GST i.e. IGST collection is Rs.12,025 crore. This includes Rs.901 crore earned through import duty.
👉 #GST Revenue collection for April 2023 highest ever at ₹1.87 lakh crore
👉 Gross #GST collection in April 2023 is all time high, ₹19,495 crore more than the next highest collection of ₹1,67,540 crore, in April 2022
Read more ➡️ https://t.co/KGeb6ZLf0D
— Ministry of Finance (@FinMinIndia) May 1, 2023
Highest GST collection in Maharashtra
Maharashtra has the highest GST collection in the country. In April 2023 it was Rs.33,196 crore. Karnataka stood third with Rs 14,593 crore and Gujarat with Rs 11,721 crore.
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