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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." .


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