Team Blitz India
NEW DELHI: The gross goods and services tax (GST) collections for April 2024 reached a record high of Rs 2.10 trillion, marking a remarkable 12.4 per cent year-on-year growth, the Ministry of Finance said on May 1.
This notable surge can be attributed to a robust increase in both domestic transactions, witnessing a 13.4 per cent upsurge, and imports, showing an 8.3 per cent rise.
Post adjustments for refunds, the net GST revenue for April 2024 stands at Rs 1.92 trillion, reflecting a significant 17.1 per cent growth compared to the corresponding period last year.
For the month of April, while the Central Goods and Services Tax (CGST) was registered at Rs 43,846 crore, the State Goods and Services Tax (SGST) was Rs 53,538 crore.
The Integrated Goods and Services Tax (IGST) stood at Rs 99,623 crore, including Rs 37,826 crore collected on imported goods, the finance ministry said. While Cess was recorded at Rs 13,260 crore, including Rs 1,008 crore collected on imported goods.
