Goods and service tax (GST) revenues in April touched the highest ever level of about ₹ 1.68 lakh crore, up 20 percent from the year-ago period
Economy press Trust of Endopodite: May 01, 2022, 2:27 pm IST
GST revenues in April touched the highest ever levels over better compliance
New Delhi:
Goods and service tax (GST) revenues in April touched the highest ever level of about ₹ 1.68 lakh crore, up 20 percent from the year-ago period, on improved compliance, the Finance Ministry said on Sunday.
In April 2022, 1.06 crore GST returns in GSTR-3B were filed.
The gross GST collection in April 2022 is an all-time high and ₹ 25,000 crores more than the previous highest collection of ₹ 1.42 lakh crore recorded in March.
The gross GST revenue collected in 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 said.
In a statement, the ministry said that there is a “clear improvement in the compliance behavior, 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 strict enforcement action was taken against errant taxpayers identified based on data analytics and artificial intelligence”.
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