GST monthly collection crossed Rs.2 lakh crore for the first time. central government information.
For the first time, GST monthly collections crossed Rs 2 lakh crore.GST (Goods and service Tax) collection in april was Rs. 2.1 lakh crore has been touched. This is the highest monthly figure since the 2017 levy, the Union Finance Ministry said. Union Finance minister Nirmala Sitharaman posted this on her X page. In his post, "Total Goods and services Tax (GST) collections hit a high of Rs 2.10 lakh crore in april 2024... After refunds, net GST revenue for april 2024 stands at Rs 1.92 lakh crore, up 17.1 percent over the same period last year." Reflects the growth.” Growth in april 2024 indicates a significant 12.4 percent year-on-year growth in total GST collection, driven by strong increases in domestic transactions (13.4 percent) and imports (8.3 percent), it said.
The GST collection registered a year-on-year growth of 12.4%, domestic transactions grew by 13.4% and imports increased by 8.3%. Net income after refund is Rs. 1.92 lakh crore which is a growth of 17.1% YoY. The previous highest collection was Rs 1.87 lakh crore in april 2023.In april 2024, maharashtra collected the highest GST tax of Rs.37,671 crore. Following this, karnataka has collected Rs 15,978 crore, gujarat Rs 13,301 crore, Uttar Pradesh Rs 12,290 crore, and tamil Nadu Rs 12,210 crore.
April 2024 Tax Collection Details :
Central Goods and services Tax (CGST): ₹43,846 crore;
State Goods and services Tax (SGST): ₹53,538 crore;
Integrated Goods and services Tax (IGST): ₹99,623 crore, including ₹37,826 crore collected on imported goods;
Cess: ₹13,260 crore including ₹1,008 crore collected on imported goods.
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