GST Revenue Collection for April 2023 highest ever at nearly $1.87 trillion

The government has settled IGST payments of Rs. 37,959 crore for SGST and Rs. 45,864 crore for CGST.

The total GST revenue collected in April 2023 was $1,87,035; of this, the CGST portion was Rs. 38,440 crore, the SGST section was Rs. 47,412 crore, the IGST section was Rs. 89,158 crore (including $34,972 crore collected on import of goods), and the cess section was $12,025 crore (including 901 crore collected on import of goods).

The government has paid Rs. 37,959 crore in SGST and Rs. 45,864 crore in CGST from IGST. After normal settlement, the Centre and the States will have earned a combined amount of Rs. 84,304 crore for the CGST and Rs. 85,371 crore for the SGST in the month of April 2023.

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For the first time, the total GST collection exceeded Rs. 1.75 lakh crore. The total number of e-way bills issued in March 2023 was 9.0 crore, 11% more than the 8.1 crore e-way bills produced in February 2023.

On April 20, 2023, tax collections reached their peak ever in the month of April 2023. 9. 8 lakh transactions totaling to Rs. 68,228 crore were made on April 20, 2023. Last year (on the same date), the largest single day payment was 9.6 lakh transactions totaling 57,846 billion were made.