• Notification Date: 04-05-2023
• Notification No: N/A

GST Mop-up hikes by 12% to Rs 1.87 lakh crore in April

The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017. 

According to a statement by the Finance Ministry, the division of Rs 1,87,035 crores is as follows: CGST is Rs 38,440 crore, SGST is Rs 47,412 crore, IGST is Rs 89,158 crore (including Rs 34,972 crore collected on import of goods) and cess is Rs 12,025 crore. 

The ministry also stated that the revenues from domestic transactions (including import of services) are 16 per cent higher in April than the revenues from these sources during the same month last year. 

The total gross collection for the 2022-23 fiscal stood at Rs 18.10 lakh crore, 22 per cent higher than the previous year. 

Previously, the highest GST collection was recorded in April last year at Rs 1.68 lakh crore. Meanwhile, the GST collection for March 2023 stood at Rs 1.60 lakh crores.