GST collection rises 12.6% to highest-ever at Rs 2.37 trillion in April

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Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday.The GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since the roll-out of the indirect tax regime on July 1, 2017.

GST revenue from domestic transactions rose 10.7 per cent to about Rs 1.9 lakh crore, while revenue from imported goods was up 20.8 per cent to Rs 46,913 crore.

Refunds issuance rose 48.3 per cent to Rs 27,341 crore during April.

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Category: BusinessFinance

Markets: India

Topics: Imported goods gst Domestic gst growth India gst revenue Gst refund april Gst april 2025 data Record gst mop-up Gst collection april 2025

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 15:34:24 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 246 words

Reading Time: 2 minutes read

Sentences: 11 lines

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Copyright Owner: © Business Standard

News ID: 28308296

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