Home News GST Collection April 2022: GST revenue collection hits record Rs 1.68 lakh crore in April

GST Collection April 2022: GST revenue collection hits record Rs 1.68 lakh crore in April

by WOOWinvest
0 comment
GST Collection April 2022: GST revenue collection hits record Rs 1.68 lakh crore in April


Goods and services tax (GST) collections hit a record high of over Rs 1.68 crore in April as economic activity improved.

This is the second highest revenue after Rs 1.42 crore reported in March 2022.

The April collection was Rs 25,000 crore higher than the March collection.

GST Collection The total amount of GST collected in April was Rs 16,754 crore, of which CGST was Rs 33,159 crore, SGST was Rs 41,793 crore, IGST was Rs 81,939 crore and cess was Rs 10,649 crore.

April 2022 earnings were 20% higher than GST earnings for the same month last year. Imported goods revenue rose 30% this month, while domestic transaction revenue rose 17%.

This is the first time the total GST has exceeded Rs 150,000.

April 20, 2022 The highest tax of the month was observed.

“The clear improvement in compliance is the result of various measures taken by tax authorities to push taxpayers to file in a timely manner to make compliance easier and stricter,” the Treasury said in a statement. “The enforcement action is based on data analytics and artificial intelligence. Misidentified taxpayers”.

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy