Goods and Services Tax (GST) revenue collection in April 2023 has hit an unprecedented high, totalling £1.87 lakh crore. This figure surpasses the previous record set in April 2022 by £19,495 crore and represents a 12% year-on-year increase. The month also saw the highest ever single-day tax collection on April 20th, with £68,228 crore collected through nearly 10 lakh transactions.
Gross GST collection in April 2023 is all time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022
GST revenues for April 2023 are 12% higher than the GST revenues Y-o-Y
Highest tax collected on a single day ever at ₹68,228 crore through 9. 8 lakh t
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FAQ :
The gross GST revenue collected in April 2023 was £1,87,035 crore.
GST revenues for April 2023 were 12% higher than in April 2022, with the collection being £19,495 crore more than the previous highest collection.
Yes, the highest ever tax collection on a single day occurred on April 20th, 2023, amounting to £68,228 crore from 9.8 lakh transactions.
A total of 9.0 crore e-way bills were generated in March 2023.
The total revenue of £1,87,035 crore comprises CGST (£38,440 crore), SGST (£47,412 crore), IGST (£89,158 crore), and Cess (£12,025 crore).