The Gross Goods and Services Tax (GST) collection increased
by 12 per cent in April, reaching to an all-time high of Rs 2.37 lakh crore.
According to the government data, the total gross GST revenue was Rs 2.10 lakh
crore in April of the current year. The data also showed an uptick of 10.7 per
cent in GST revenue from the domestic transactions, reaching to about Rs 1.9
lakh crore. It suggested an increase of 20.8 per cent in revenue from imported
goods, to Rs 46,913 crore.
Central GST collection from domestic transactions stood at
Rs 48,634 crore in April, while state GST mop-up was Rs 59,372 crore.
Integrated GST and cess collection were Rs 69,504 crore and Rs 12,293 crore,
respectively, from domestic transactions. Meanwhile, the refund issuances saw
an uptick of a staggering 48.3 per cent to Rs 27,341 crore during the month.
As per the data, the Gross GST collections for March 2025
stayed at Rs 19,56,034 crore (Rs 1.96 lakh crore), surging 9.9 per cent. It
also revealed that collections in March were 6.8 per cent higher than the Rs
1.84 lakh crore recorded in the previous month. The GST was introduced in the
country with effect from July 1, 2017, and states were assured compensation for
loss of any revenue arising on account of the implementation of GST.
Source: Ace Equity
