India collected a record 2.10 trillion rupees ($25.15 billion) in GST in April. Before refunds, GST income surpassed 2 trillion rupees for the first time, reaching 2.1 trillion rupees, a 12.4% year-on-year increase. After refunds, net GST collections increased by 15.5% year-on-year to 1.92 trillion rupees.
This rise, which occurred in April owing to year-end tax settlements, indicates strong economic activity and compliance. Domestic operations accounted for a 13.4% increase in revenue, while GST from imports climbed by 8.3%.
Integrated GST (IGST) on imports fell by 2%, collecting 37,826 crore rupees versus 38,593 crore rupees last year. The import cess increased by 2.4% to 1,008 crore rupees. The government settled 91,907 crore rupees from IGST collections, which exceeded the actual collection by 4,413 crore rupees.
The Central GST (CGST) and State GST (SGST) revenues increased by 27.8% and 25.9%, respectively. Except for a few, all states and union territories saw a rise in GST collection over the previous year.
Finance Minister Nirmala Sitharaman attributed the success to economic momentum and efficient tax administration, and she celebrated the victory on social media.
