GST Collection: All records broken in April, 1.68 lakh crore revenue

Posted on 2nd May 2022 04:09 pm by rohit kumar

Once again the government has broken all the records in the GST collection. According to the information given by the Finance Ministry on Sunday, the GST revenue in April reached an all-time high of about Rs 1.68 lakh crore. Earlier in March, the GST revenue was Rs 1.42 lakh crore. The Finance Ministry said that 25 thousand crores more revenue has been received in April as compared to March.

 

 

The Center said that the reason for the improvement in GST revenue is improving economic activities. According to the information given, the GST revenue of April this year is 20 percent more than last year. The Finance Ministry said that GST returns of 1.06 crore were filed in April.

 

 

The Finance Ministry said that out of the total revenue of Rs 1.68 lakh crore, CGST is Rs 33,159 crore, SGST is Rs 41,793 crore, IGST is Rs 81,939 crore and cess is Rs 10,649 crore. This is the first time since the implementation of GST that the GST collection has crossed Rs 1.50 lakh crore in a single month.

 

The Finance Ministry said, a total of 7.7 crore e-way bills were generated in March 2022, which is 13 percent more than 68 crore e-way bills in February 2022. At the same time, 1.06 crore GST returns were filed in GSTR-3B during April this year, out of which 97 lakh returns were filed in March. A total of 92 lakh returns were filed during April 2021.

 

Also Read: Make in India: The production sector increased by 4.6 times in two years, new orders and investment played an important role in the growth

Other news

Business: Bajaj Finance hikes interest rate on deposits, and oil imports will reach higher levels

Bajaj Finance Ltd. has increased the interest rates on FDs by up to 0.20 percent. The new rates a

Narendra Modi: PM Modi's visit will strengthen strategic partnership with France, PM himself told before leaving

Prime Minister Narendra Modi left India on Thursday morning for an official visit to France and U

Maharashtra Elections 2024: As soon as Akshay Kumar got Indian citizenship, he cast his first vote in the assembly, video went viral

Voters of Maharashtra are casting their votes for the assembly elections, which will shape the fu

Fuel Price hike in Pakistan: People are suffering due to rising oil prices in Pakistan, aviation worker asks permission to keep a donkey car

People are suffering due to rising fuel prices in Pakistan. An employee of the Pakistan Civil Avi

America: Growth in the third quarter of the US economy compared to earlier, GDP increased to 3.2 percent

US Treasuries saw an increase this time compared to the previous quarter. However, the results ar

AAP will prove majority in Punjab too, accusing BJP of trying to break MLAs

The Punjab government of the Aam Aadmi Party has also announced to prove majority in the assembly

Former England cricketer Monty Panesar advised Team India against Bangladesh - do not drop KL Rahul, send him down the batting line-up, Virat Kohli should open the innings

India will face Bangladesh on Wednesday in Group 2 of the Super-12 of the ICC T20 World Cup 2022.

India gave a blow to Russia, and Ukraine was happy; Voted against the resolution in UNGA

Russia-Ukraine War: Russia has called for a secret ballot on a draft resolution moved at the Unit

Gyanvapi Masjid Case: Hearing on surveillance petition in the archaeological survey including handing over Gyanvapi to Hindus today

Two important cases are going to be heard in Adalam today in the Gyanvapi Masjid episode. The fir

Priyanka Chopra spotted at Mumbai airport flaunts a special pendant in daughter Malti's name; pictures viral

Ever since global icon Priyanka Chopra has set foot in Hollywood, she rarely comes to India. In s