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GST collection for April of Rs 1,41,384 crore sets new record

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GST collection for April of Rs 1,41,384 crore sets new record

The gross GST revenue collected in the month of April was at a record high of Rs 1,41,384 crore, data released by the government showed.

Out of the total amount collected, CGST stood at Rs 27,837 crore, SGST at Rs. 35,621, IGST at Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods) and Cess at Rs. 9,445 crore (including Rs. 981 crore collected on import of goods).

In line with the trend of recovery over past six months, the revenues for the month of April 2021 are 14% higher than the revenue collected last month. In April, the revenues from domestic transaction (including import of services) are 21% higher than the revenues from these sources during the last month.

GST revenues have not only crossed the Rs 1 lakh crore mark successively for the last seven months, but have also shown a steady increase.

(The one-stop destination for MSME, ET RISE provides news, views and analysis around GST, Exports, Funding, Policy and small business management.)

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