Jaipur, May 01, 2024.
India’s gross Goods and Services tax (GST) collections rose to a record-high level of Rs 2.10 lakh crore in April (for year-end sales in March), data released by the Finance Ministry on Wednesday (May 1) showed.
Driven mainly by a rise in domestic transactions, which increased 13.4 per cent year-on-year along with a higher compliance in the backdrop of anti-evasion measures being taken by authorities, the gross GST collections increased by 12.4 per cent in April.
This is the highest level of GST collections recorded since the July 2017 of the indirect tax regime. The previous highest level registered under GST was Rs 1.87 lakh crore in April 2023, reflecting year-end sales of March 2023.