GST Revenue collection for April 2022 highest ever at Rs 1.68 lakh crore

Tags: National Economy/Finance Popular Economics/Business

According to the data released by the Union Finance Ministry, the highest level of collection recorded since the implementation of GST in July 2017 rose to Rs 1.68 lakh crore in April.

  • The gross GST revenue collected in the month of April, 2022 is–

  • CGST is Rs  33,159 crore

  • SGST is Rs  41,793 crore

  • IGST is Rs  81,939 crore (including Rs  36,705 crore collected on import of goods).

  • Cess is Rs  10,649 crore (including Rs  857 crore collected on import of goods).

  • Gross GST collection in April 2022 is the highest ever, an increase of Rs 25,000 crore over the previous month's highest collection of Rs 1,42,095 crore.

  • The revenue for the month of April 2022 is 20% more than the GST revenue in the corresponding month of last year.

  • During April, revenues from import of goods were 30% higher and the revenues from domestic transactions were 17% higher than the revenues from during the same month last year.

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