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India's Record GST Revenue in April 2023: A Comprehensive Report

India recorded its highest-ever Goods and Services Tax (GST) collection in April 2023, reaching ₹1.87 lakh crore, a significant 12% increase year-on-year. This surge is attributed to heightened business activity at the financial year-end and stringent anti-evasion measures by the government. The impressive figures underscore India's ongoing economic recovery post-pandemic, with most states showing positive revenue growth.

📖 6 min read read🏷️ GST Collections India

India's Goods and Services Tax (GST) revenue reached an unprecedented high in April 2023, totaling ₹1.87 lakh crore. This figure significantly surpassed previous records, exceeding the second-highest collection from April 2022 by ₹19,495 crore, which stood at ₹1,67,540 crore. Notably, April 20th alone registered a historic single-day collection of ₹68,228 crore from 9.8 lakh transactions. This period marks the first instance where GST collections have exceeded the ₹1.75 lakh crore threshold. Compared to the previous year, April 2023 revenues showed a substantial 12% increase.

Detailed Breakdown of April 2023 GST Collections

According to a recent PIB report, the total GST revenue for April 2023 amounted to ₹1,87,035 crore. This sum included ₹38,440 crore for Central GST (CGST), ₹47,412 crore for State GST (SGST), and ₹89,158 crore for Integrated GST (IGST). The IGST component encompassed ₹34,972 crore from imported goods. Additionally, the overall GST collections incorporated ₹12,025 crore from cess, with ₹901 crore attributed to imported goods.

Following the settlement of IGST collections, the government allocated ₹45,864 crore to CGST and ₹37,959 crore to SGST. After these regular adjustments, the combined revenue for the Central government reached ₹84,304 crore, while state governments received a total of ₹85,371 crore in April 2023.

Understanding April 2023 GST Collection Trends

The remarkable GST revenue surge this month can be attributed to two primary factors. Firstly, the April collections reflect business activities conducted in March 2023. As the financial year concluded, companies nationwide intensified efforts to meet their annual sales objectives. This surge is corroborated by the issuance of nine crore e-way bills, marking an 11% increase compared to February 2023. Secondly, enhanced government oversight and anti-evasion initiatives have encouraged taxpayers to ensure timely compliance.

Moreover, India is experiencing a robust economic rebound following the COVID-19 pandemic. GST collections have consistently surpassed ₹1.4 lakh crore for more than twelve consecutive months. The initial four months of 2023 alone have recorded collections at or above ₹1.5 lakh crore.

State and Union Territory GST Collection Figures for April 2023

Nearly all Indian states reported a year-on-year increase in GST revenues, with Lakshadweep being the sole exception. Sikkim demonstrated the highest growth at 61% compared to the previous year, with Mizoram at 53% and Jammu and Kashmir at 44% closely following. Maharashtra led in total collections for the month, accumulating ₹33,196 crore.

State/Union TerritoryApr-22Apr-23Growth (%)
Andaman and Nicobar Islands87925
Andhra Pradesh4,0674,3296
Arunachal Pradesh19623821
Assam1,3131,51315
Bihar1,4711,62511
Center Jurisdiction16718712
Chandigarh2492552
Chhattisgarh2,9773,50818
Dadra and Nagar Haveli and Daman and Diu3813995
Delhi5,8716,3208
Goa47062032
Gujarat11,26411,7214
Haryana8,19710,03522
Himachal Pradesh81795717
Jammu and Kashmir56080344
Jharkhand3,1003,70119
Karnataka11,82014,59323
Kerala2,6893,01012
Ladakh476843
Lakshadweep33-7
Madhya Pradesh3,3394,26728
Maharashtra27,49533,19621
Manipur699132
Meghalaya2272396
Mizoram467153
Nagaland688829
Odisha4,9105,0363
Other Territory2162202
Puducherry2062186
Punjab1,9942,31616
Rajasthan4,5474,7855
Sikkim26442661
Tamil Nadu9,72411,55919
Telangana4,9555,62213
Tripura10713325
Uttar Pradesh8,53410,32021
Uttarakhand1,8872,14814
West Bengal5,6446,44714
Grand Total1,29,9781,51,16216

Further Reading

Frequently Asked Questions

What is GST and how does it function in India?
GST, or Goods and Services Tax, is an indirect tax levied on the supply of goods and services in India. It is a comprehensive, multi-stage, destination-based tax that has subsumed many indirect taxes, streamlining the tax structure across the country.
What are the different components of GST in India (CGST, SGST, IGST, UTGST)?
In India, GST is divided into four main components: Central GST (CGST) collected by the Central Government, State GST (SGST) collected by State Governments, Integrated GST (IGST) for inter-state transactions and imports, and Union Territory GST (UTGST) for transactions within Union Territories.
How does the government utilize the collected GST revenue?
The GST revenue collected is distributed between the central and state governments. CGST and IGST (central share) fund central government expenditures, while SGST and UTGST (state/UT share) fund state/UT government expenditures. IGST is also settled between the center and states to ensure appropriate revenue allocation for interstate sales.
What are some key benefits of the GST regime for Indian businesses?
The GST regime offers several benefits, including the elimination of cascading taxes, a simplified tax structure, improved ease of doing business, greater transparency, and a unified national market. It also facilitates easier input tax credit mechanisms for businesses.
How can taxpayers ensure timely compliance with GST regulations?
Taxpayers can ensure timely GST compliance by maintaining accurate records, filing GST returns (like GSTR-1 and GSTR-3B) by their respective due dates, making prompt tax payments, and staying updated with the latest GST rules and notifications issued by the government.

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