Nepal wraps up Rasuwa flood search; shifts focus to rehabilitation, reconstruction, 19th Pravasi Bharatiya Diwas Convention to be held in Kolkata from January 7-9, 2027, Mithun Chakraborty named Bengal govt advisor, to hold Cabinet rank, Rahul Gandhi backing vote chor, says KTR, Tripura Government allots 30.30 acres of land to Tripura Cricket Association for academy,

GST collection rises to all-time high of Rs 1.87 lakh crore in April

GST collection rises to all-time high of Rs 1.87 lakh crore in April

GST collection in April rose by 12 per cent annually to over Rs 1.87 lakh crore, touching an all-time monthly high, showed finance ministry data released on Monday. The previous monthly high Goods and Services Tax (GST) collection was in April 2022 at about Rs 1.68 lakh crore. April 2023 saw the highest-ever tax collection on a single day on April 20. A sum of Rs 68,228 crore was paid through 9.8 lakh transactions on that day. The highest single-day payment last year (on the same date) was Rs 57,846 crore through 9.6 lakh transactions. The ministry also said the number of e-way bills generated in March 2023 was 9 crore, which is 11 per cent higher than 8.1 crore e-way bills generated in February 2023.

Hailing the record GST collection, Prime Minister Narendra Modi in a tweet said, "Great news for the Indian economy! Rising tax collection despite lower tax rates shows the success of how GST has increased integration and compliance." .

Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Posts

  1. Net FDI hits $7.35 billion in July, highest since May 2021

    Full Story

  1. India's FDI inflows rise 6% to $19.81 billion in April-June

    Full Story

  1. Higher advance tax drives 13% rise in net direct tax collection

    Full Story

Food & Lifestyle

Hospitality Education for the Future: Bridging academic excellence and industry expectations

Sustainability has emerged as a central theme across the global hospitality and tourism industry.

Read More

Crime

CBI arrests two absconders

The CBI on Friday arrested two absconders after 14 years. Both absconders were wanted in fraud cases.

Read More

Opinion

Why global shocks are driving edible oil inflation higher

Why edible oils are bearing the brunt of food inflation.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.