Goods and Services Tax (GST) revenue collection reached an all-time high in April 2022, totalling £1.68 lakh crore. This figure represents a significant 20% increase compared to the same month last year and surpasses the previous record by £25,000 crore. The collection was boosted by a 30% rise in revenue from imported goods and a 17% increase from domestic transactions, indicating a strong recovery in business activity.
Gross GST collection in April 2022 is all time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month
The gross GST revenue collected in the month of April, 2022 isRs 1,67,540 croreof which CGST isRs 33,159 crore, SGST isRs 41,793 crore, IGST isRs 81,93
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FAQ :
The total gross GST revenue collected in April 2022 was £1,67,540 crore.
The April 2022 collection was £25,000 crore higher than the previous month's collection of £1,42,095 crore.
GST revenues for April 2022 were 20% higher than in April 2021.
Revenues from the import of goods were 30% higher, and revenues from domestic transactions were 17% higher compared to the same month last year.
Yes, April 20th, 2022, saw the highest ever tax collection in a single day (£57,847 crore) and the highest collection during an hour (£8,000 crore between 4 PM and 5 PM).
The filing percentage for GSTR-3B and GSTR-1 in April 2022 showed improvement compared to April 2021, attributed to measures for timely filing, easier compliance, and enforcement actions.