GST collection touches all-time high in April at Rs 1.68 lakh cr

The month-to-month assortment beneath the Items and Companies Tax (GST) has touched a document excessive of Rs 1.68 lakh crore in April 2022, information confirmed.

The gross GST assortment has crossed the Rs 1.5 lakh crore-mark for the primary time in April 2022 and Rs 1 lakh crore-mark for the tenth month in a row.

“The strong mop-up might be attributed to enchancment within the compliance behaviour, which has been a results of varied measures taken by the tax administration to nudge taxpayers to file returns well timed, to creating compliance simpler and smoother, and strict enforcement motion taken in opposition to errant taxpayers recognized based mostly on information analytics and synthetic intelligence,” an announcement mentioned.

Of the entire assortment, CGST was Rs 33,159 crore, SGST stood at Rs 41,793 crore, IGST at Rs 81,939 crore, together with Rs 36,705 crore collected on import of products, and cess is Rs 10,649 crore, together with Rs 857 crore collected on import of products.

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