GST Collection in April: In April 2022, the highest tax collection has been done by the government in the country since the implementation of the GST Act in the country. The beginning of the financial year 2022-2023 has seen a record increase in GST collections. A total of Rs 1,67,540 crore has come to the government’s exchequer this month. The highest tax collection in a month since the implementation of GST happened in April 2022. Earlier, record GST collection was also seen in March 2022. In the month of March, the total income of the government was Rs 1,42,095 crore in the form of GST.
The Finance Ministry has given information about this by tweeting from its official Twitter handle some time back. In the tweet, the ministry has said that the GST collection has come to a record level and has broken its record of Rs 1,42,095 crore as of March 2022.
GST Revenue collection for April 2022 highest ever at Rs 1.68 lakh crore
Gross GST collection in April 2022 is all-time high, Rs 25,000 crore more that the next highest collection of Rs. 1,42,095 crore, just last month
Read more ️ https://t.co/rXElYMTUSB pic.twitter.com/lTbjqa3wvz
— Ministry of Finance (@FinMinIndia) May 1, 2022
Understand the math of complete tax collection-
In April 2022, the government has received a total revenue of Rs 1,67,540 crore in the form of GST, of which CGST is Rs 33,159 crore and the share of SGST is Rs 41,793 crore. Along with this, the share of IGST is Rs 81,939 crore. Along with this, the contribution of cess in this is Rs 10,649 crore. Along with this, the collection of Rs 857 crore has been achieved on import of goods. With the new collection of April, the all-time high collection figures of March is Rs 1,42,095 crore. has overtaken the.
Significant increase in GST compared to last year
This year 20 percent more GST collection has been seen as compared to last year i.e. April 2021. With this, an increase of 30 percent has been registered in the tax on imports this year as compared to last year.
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