New Delhi: The monthly collection under the Goods and Services Tax (GST) has peaked to an all-time high of Rs 1.68 lakh crore in April 2022, according to a statement by the Finance Ministry on May 1.
The gross GST collection has crossed the Rs 1.5 lakh crore-mark for the first time in April 2022 and Rs 1 lakh crore-mark for the tenth month in a row.
The gross goods and services tax collection in April at Rs 1.68 trillion is about Rs 26,000 crore more than the previous best of Rs 1.42 trillion reported in March, the finance ministry said. It is also 20% more than the GST collected a year ago.
After settlements, the Centre received Rs 66,582 crore while states received Rs 68,755 crore in April, the statement said.
Finance minister Nirmala Sitharaman said the economy was on a sustained growth path. “Sincerely recognise and appreciate the efforts made by each and every state in improving GST revenue collection. India’s economic recovery is sure to be on a sustained path due to all our efforts,” the minister said in a social media post.
