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Business News/ News / India/  GST revenue collection for April 2023 highest ever at 1.87 lakh crore

GST collection grew by 12 per cent in April to 1.87 lakh crore, the highest monthly mop-up since the rollout of the indirect tax regime. The gross GST revenue collected in the month of April, 2023 is 1,87,035 crore of which CGST is 38,440 crore, SGST is 47,412 crore, IGST is 89,158 crore (including 34,972 crore collected on import of goods) and cess is 12,025 crore (including 901 crore collected on import of goods).

The government has settled 45,864 crore to CGST and 37,959 crore to SGST from IGST. The total revenue of Centre and the States in the month of April 2023 after regular settlement is 84,304 crore for CGST and 85,371 crore for the SGST.

The revenues for the month of April 2023 are 12% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 16% higher than the revenues from these sources during the same month last year.

For the first time gross GST collection has crossed 1.75 lakh crore mark. The total number of e-way bills generated in the month of March 2023 was 9.0 crore, which is 11% higher than 8.1 crore e-way bills generated in the month of February 2023.

Month of April 2023 saw the highest ever tax collection on a single day on 20th April 2023. On 20th April 2023, 68,228 crore was paid through 9. 8 lakh transactions. The highest single day payment last year (on the same date) was

57,846 crore through 9.6 lakh transactions.

The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of April 2023 as compared to April 2022.

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Updated: 01 May 2023, 05:57 PM IST
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