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High GST Revenue Collection - April 2024
May 5 , 2024
13 days
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- GST collections rose 12.4 per cent to touch a record-high of Rs 2.10 lakh crore in April.
- The increase was driven mainly by 13.4 per cent year-on-year higher domestic transactions and imports (up 8.3%).
- This is the highest level of GST collections recorded since the indirect tax reform kicked in almost seven years ago in July 2017.
- That is the first time that the overall mop-up crossed the Rs 2 lakh crore mark.
- The previous highest level was registered in April 2023 at Rs 1.87 lakh crore, reflecting year-end sales of March 2023.
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