The goods and services tax (GST) series reached a brand new high in april, growing by 12.6% year-on-year to Rs 2.37 lakh crore, as per government data released on Wednesday.


That is the best monthly series because the tax changed into delivery in 2017.


The upward thrust in GST revenue for april follows a strong performance in current months. In March, GST collections stood at Rs 1.96 lakh crore, displaying a 9.9% upward thrust from the same duration closing 12 months. In February, the whole GST series changed into Rs 1.83 lakh crore, growing 9.1% year-on-year, pushed especially by way of robust domestic consumption. January's disbursement had also touched Rs 1.96 lakh crore, reflecting a 12.3% growth.


Searching in addition again, GST revenue in december became Rs 1.77 lakh crore, up 7.3% yr-on-12 months. But this boom turned into a decrease from the 8.5% upward thrust recorded in November, which noticed slower interest after the festive season spending had ended.


The robust april series can be attributed to yr-give up sales, stepped forward compliance, and extended commercial enterprise pastime.


April GST numbers commonly replicate transactions from March, which marks the end of the monetary 12 months. Corporations tend to close accounts, document returns, and clean dues throughout this era, boosting collections.


In the Union budget, the government had anticipated an eleven% rise in GST sales for the financial year, focused on Rs eleven seventy-eight lakh crore from GST collections. This estimate includes revenue from important GST and the compensation cess.


Lakshadweep led with a 287% increase, followed by the "other territory" class at 160%.


Amongst other states, Arunachal Pradesh suggests a 66% boom, with meghalaya (50%), Nagaland (42%), sikkim (17%), and Manipur (16%) demonstrating the Northeast place's stron overall performance.


Haryana (16%), bihar (15%), gujarat (13%), tamil Nadu (13%), and kashmir - SRINAGAR/JAMMU' target='_blank' title='jammu and kashmir-Latest Updates, Photos, Videos are a click away, CLICK NOW'>jammu and kashmir (12%) all recorded double-digit booms alongside rajasthan (12%), West bengal (12%), telangana (12%), madhya pradesh (12%), uttarakhand (11%), punjab (11%), Uttar Pradesh (11%), karnataka (11%), maharashtra (11%), and Dadra and nagar Haveli (11%).


extra modest increase turned visible in puducherry (8%), himachal pradesh (8%), chandigarh (7%), delhi (6%), odisha (5%), goa (5%), chhattisgarh (3%), and Ladakh (3%). Three states experienced declining collections: andhra pradesh (-3%), Tripura (-7%), and Mizoram displaying the steepest decline at -28%.

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Sudha Subbiah

02/05/2025 02:36 PM