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

  •   Sun, May 01 2022 05:03:12 PM

New Delhi, May 1 (IANS): The monthly collection under the Goods and Services Tax (GST) has touched a record high of Rs 1.68 lakh crore in April 2022, data showed.

The gross GST collection has crossed the Rs 1.5 lakh crore-mark for the first time in April 2022 and Rs 1 lakh crore-mark for the 10th month in a row.

"The robust mop-up could be attributed to improvement in the compliance behaviour, 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 smoother, and strict enforcement action taken against errant taxpayers identified based on data analytics and artificial intelligence," a statement said.

Of the total collection, CGST was Rs 33,159 crore, SGST stood at Rs 41,793 crore, IGST at 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.

 
  

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Comment on this article

  • Vinod Kumar, Mangalore

    Sun, May 01 2022

    Govt is collecting so much money on taxes every quarter, where is the money disappearing. Govt delivers substandard work and development and doesn’t create more business or investment opportunities and infrastructure. This way eventually govt is killing the hen which gives golden eggs by strangulating those few private companies which are struggling hard to stay above the water. As it is GDP is going down and future is heading towards disaster.

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



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