Amid rising inflation and growing joblessness, there is some good news for the Indian economy. The Goods and Services Tax (GST) collection in April touched the highest-ever level of about Rs 1.68 lakh crore, up 20 per cent from the period a year-ago, on improved compliance, the Finance Ministry said on Sunday. In April this year, 1.06 crore returns in GSTR-3B were filed.
The gross GST collection in April is Rs 25,000 crore more than the previous highest collection of Rs 1.42 lakh crore recorded in March. The gross GST revenue collected in April is Rs 1,67,540 crore, of which CGST is Rs 33,159 crore, SGST is Rs 41,793 crore, IGST is Rs 81,939 crore (including Rs 36,705 crore collected on import of goods) and cess is Rs 10,649 crore (including Rs 857 crore collected on import of goods), the Ministry said.