GST collection at record Rs 1.41 lakh cr in April; crosses Rs 1 lakh cr seventh month in a row

GST collection at record Rs 1.41 lakh cr in April; crosses Rs 1 lakh cr seventh month in a row

FPJ Web DeskUpdated: Saturday, May 01, 2021, 03:41 PM IST
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Goods and Services Tax (GST) |

Gross GST revenue for the month of April 2021 is at a record high of Rs. 1,41,384 crore. Of this, CGST is Rs. 27,837 crore, SGST Rs. 35,621, IGST Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods) and Cess is Rs. 9,445 crore (including Rs. 981 crore collected on import of goods).

The revenues for the month of April 2021 are 14 per cent higher than Rs 1.23 lakh crore collected in March.

During the month, the revenues from domestic transaction (including import of services) are 21 per cent higher over the last month.

Gross revenue collection in April has surpassed the previous high by 14 percent. Revenues from domestic transactions grew 21 percent over March. This is the seventh month in a row that GST revenues have crossed Rs 1 lakh crore.

"Despite the second wave of COVID-19 pandemic affecting several parts of the country, Indian businesses have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month," the ministry added

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