GST collection touches record high in April

The Ministry of Finance on Sunday informed that the Goods and services tax (GST) collections have touched an all-time high of over Rs 1.68 lakh crore in April as the country witnessed an improvement in economic activities.

The April collection is Rs 25,000 crore higher than that in March, having the second-highest collection of Rs 1.42 lakh crore.

The gross GST revenue collected in the month of April is Rs 1,67,540 crore of which Central-GST is Rs 33,159 crore, State-GST is Rs 41,793 crore, Integrated-GST is Rs 81,939 crore (including Rs 36,705 crore collected on import of goods) and cess is Rs 10,649 crore (including Rs 857 crore collected on import of goods), the Ministry informed.

Further, as per a press release of the Ministry, the government has settled Rs 33,423 crore to CGST and Rs 26,962 crore to SGST from IGST.

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