In April 2023, India collected an all-time high of US$ 22.9 billion (Rs. 1.87 trillion) in goods and services tax (GST), according to information provided by the Ministry of Finance. Increased year-end sales, data analytics that enhanced compliance, and consistent economic growth were the main drivers of the excellent mop-up.
The last record-breaking collection was US$ 20.5 billion (Rs. 1.68 trillion) in April of last year, while the mop-up was US$ 19.6 billion (Rs.
Additionally, the highest-ever tax revenue was collected on one day in April 2023. “On April 20, 2023, US$ 8.3 billion was paid through 9.8 lakh transactions,” the government announced in a release.
According to the data, of the total GST collection, the Central GST was the largest component at US$ 4.7 billion, followed by the SGST at US$ 5.8 billion, the IGST at US$ 10.9 billion, and the CESS at US$ 1.5 billion.
