GST Collection in April 2023 : The government of India has announced that the goods and services tax (GST) collection for April 2023 was the highest ever at ₹ 1.87 lakh crore. This marks a significant increase of 12 percent compared to the previous highest collection in April 2022, which was ₹ 19,495 crore lower. The government has attributed the growth to the strong performance of the economy, which has bounced back from the pandemic-induced slowdown.
The center collected ₹ 68,228 crores on April 20, which is the highest-ever single-day collection. The government’s data shows that the GST collection has been increasing by more than 10 percent every month since January 2023, reflecting the strength of the economy.
The government’s Press Information Bureau has stated that the revenues for April 2023 were 12 percent higher than the GST revenues in the same month last year. Furthermore, during the month, the revenues from domestic transactions (including import of services) were 16 percent higher than the revenues from these sources during the same month last year. This indicates that the domestic market is growing at a healthy pace, with increasing demand for goods and services.
Sikkim’s GST revenue collection growth of 61 percent was the highest among the states at ₹ 426 crore in April 2023, compared to ₹ 264 crore in the same month last year. This represents a significant increase in the state’s GST collection, although the actual amount collected is smaller than in bigger states like Gujarat and Haryana.
Gujarat collected ₹ 11,721 crore in April 2023, against ₹ 11,264 crore in the same month last year, which is a rise of 4 percent. On the other hand, Haryana collected ₹ 10,035 crore this April, against ₹ 8,197 crore in the same month last year, representing a 22 percent growth. These two states, along with other major contributors like Maharashtra and Karnataka, continue to be the biggest GST revenue earners in the country.
Overall, the growth in GST collection is a positive sign for the Indian economy, which has been hit hard by the COVID-19 pandemic. The strong performance of the economy has helped boost GST revenues, and the government’s efforts to improve compliance and reduce tax evasion have also contributed to the increase in collections. With the economy projected to continue its growth trajectory, the GST collection is expected to rise further in the coming months.
state wise growth of Gst Revenue during April 2023
|Jammu and Kashmir||560||803||44|
|Dadra and Nagar Haveli and Daman and Diu||381||399||5|
|Andaman and Nicobar Islands||87||92||5|