GST Collection in April: April 2022 saw the highest government tax collection in the country since the implementation of the GST law in the country. The start of fiscal year 2022-2023 has seen a record increase in GST collections. A total of Rs 1,67,540 crore has come to the government treasury this month. The highest tax collection in a month since the introduction of GST occurred in April 2022. Previously, a record GST collection was also seen in March 2022. In the month of March, the government’s total income was Rs 1.42,095 crore in the form from GST.
The Treasury Department provided information about this some time ago by tweeting from its official Twitter handle. In the tweet, the ministry said that the GST collection has reached an all-time high, breaking the record of Rs 1,42,095 crore as of March 2022.
GST Revenue Rally for April 2022 Highest Ever at Rs 1.68 lakh crore
Gross GST collection in April 2022 is all-time high, Rs 25,000 crore more than the next highest rally of Rs. 1.42.095 crore, just last month
— Ministry of Finance (@FinMinIndia) May 1, 2022
Understand the Mathematics of Full Tax Collection
In April 2022, the government has received a total proceeds of Rs 1,67,540 crore in the form of GST, of which CGST is Rs 33,159 crore and the share of SGST is Rs 41,793 crore. In addition, the share of IGST is Rs 81,939 crore. In addition, the contribution of cess in this is Rs 10,649 crore. In addition, the collection of Rs 857 crore has been achieved in the importation of goods. With the new April collection, March’s all-time high collection figures are Rs 1,42,095 crore.
Significant increase in GST compared to last year
This year, 20 percent more GST collection has been seen compared to last year, namely April 2021. This year a 30 percent increase in import tax has been registered compared to last year.
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