GST Assortment April 2022: GST income assortment hits document Rs 1.68 lakh crore in April

Items and companies tax (GST) collections touched an all-time excessive of over ₹1.68 lakh crore in April on the again of bettering financial actions.

This comes after the second highest assortment of ₹1.42 lakh crore that was reported within the month of March 2022.

The April assortment is ₹25,000 crore increased than that in March.

GST Collections

The gross GST collected in April is ₹ 1,67,540 crore out of which CGST is ₹ 33,159 crore, SGST is ₹ 41,793 crore, IGST is ₹ 81,939 crore and cess is ₹ 10,649 crore.

The revenues for the month of April 2022 are 20% increased than the GST revenues in the identical month final yr. On this month, income collected from import items was 30% increased and that collected from home transactions elevated by 17%.

It was the primary time that the gross GST assortment has crossed the mark of ₹ 1.5 lakh crore.

Highest tax assortment throughout the month was noticed on April 20, 2022.

The numbers point out that compliance among the many taxpayers has improved as a result of measures adopted by tax administartion.
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