News Karnataka
Wednesday, October 05 2022
Business News

GST April collection hits all-time high at Rs 1.68 lakh cr

GST April collection hits alltime high at Rs 168 lakh cr
Photo Credit : IANS

New Delhi: The monthly collection under the Goods and Services Tax (GST) has touched a record high of Rs 1.68 lakh crore in April 2022, data showed.

The gross GST collection has crossed the Rs 1.5 lakh crore mark for the first time in April 2022 and the Rs 1 lakh crore mark for the 10th month in a row.

“The robust mop-up could be attributed to improvement in the compliance behaviour, which has been a result of various measures taken by the tax administration to nudge taxpayers to file returns timely, to making compliance easier and smoother, and strict enforcement action taken against errant taxpayers identified based on data analytics and artificial intelligence,” a statement said.

Of the total collection, CGST was Rs 33,159 crore, SGST stood at Rs 41,793 crore, and IGST at 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.

Read more:

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Odisha registers 49% growth in gross GST collection in 2021-22

CGST busts fake input tax credit racket of Rs 19.84cr

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