India gst revenue growth with year

New Delhi: GST collections hit a record high of Rs 2.37 lakh crore in April. This is the highest tax collection in a single month since the introduction of GST in 2017.

GST india

What is the revenue collection of GST in India

Earlier, the highest collection was Rs 2.10 lakh crore in April last year. The collection in March was Rs 1.96 lakh crore.

In April last year, GST was collected from domestic transactions to the tune of Rs 1.90 lakh crore and from imported goods to the tune of Rs 46,913 crore. Refunds were given for Rs 27,341 crore.

After deducting refunds, the net GST collection increased by 9.10 percent to Rs 2.09 lakh crore.

In this context, Tamil Nadu's GST revenue in April last year increased by 13 percent to Rs 13,831 crore. The central government has estimated that the country's GST revenue in the current financial year will increase by 11 percent to Rs 11.78 lakh crore.

UPI transactions decline in the last month

The country's UPI transactions declined in April compared to March. The value of transactions in April fell by 3 percent and the number of transactions fell by 2 percent.

UPI Transactions

Monthly Transaction Value

April 1,789 crore 23.95

March 1,830 crore 24.77

However, compared to April last year, transactions increased by 34 percent in number and 22 percent in value.

Comments

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