GST collection touches record high of Rs 1.68 lakh crore in April
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The Finance Ministry has said that Goods and Services Tax (GST) collection in April 2022 touched the highest ever level of about Rs 1.68 lakh crore, up 20 percent from the year-ago period, on improved compliance. In April 2022, 1.06 crore GST returns in GSTR-3B were filed. The gross GST collection in April 2022 is an all-time high and Rs 25,000 crore more than the previous highest collection of Rs 1.42 lakh crore recorded in March.
The Ministry noted that the gross GST revenue collected in April is Rs 1,67,540 crore, of which Central-GST is Rs 33,159 crore, State-GST is Rs 41,793 crore, Integrated-GST 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).
It said that there is a clear improvement in the compliance behavior, which has been a result of various measures taken by the tax administration to nudge taxpayers to file returns timely, to making compliance easier and strict enforcement action was taken against errant taxpayers identified based on data analytics and artificial intelligence.
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