GST Revenue collection for April 2023 crosses 1.87 lakh crore, highest ever

GST Revenue collection for April 2023 crosses 1.87 lakh crore, highest ever

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is GST Revenue collection for April 2023 crosses 1.87 lakh crore, highest ever.

Our Daily Current Affairs Dose 2023 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

GST Revenue collection for April 2023 crosses 1.87 lakh crore, highest ever

GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore: The gross GST (Goods and Services Tax) revenue collection over ₹ 1,87,035 crore in April 2023 highest ever, GST revenues for April 2023 are 12% higher than the GST revenues Y-o-Y which is a good sign for the Indian economy.

Read Also: Union Budget 2023-24: PDF in Hindi and English Both Language Available Here For UPSC, IAS Exams

The gross GST revenue collected in the month of April, 2023 is ₹ 1,87,035 crore of which CGST is ₹38,440 crore, SGST is ₹47,412 crore, IGST is ₹89,158 crore (including ₹34,972 crore collected on import of goods) and cess is ₹12,025 crore (including ₹901 crore collected on import of goods).

The government has settled ₹45,864 crore to CGST and ₹37,959 crore to SGST from IGST. The total revenue of Centre and the States in the month of April 2023 after regular settlement is ₹84,304 crore for CGST and ₹85,371 crore for the SGST.

Read Also: Economic Survey 2022-23: India's GDP growth 6 to 6.8 pc in 2023-24

GST revenues for April 2023 are 12% higher than the GST revenues Y-o-Y

The revenues for the month of April 2023 are 12% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 16% higher than the revenues from these sources during the same month last year.

For the first time gross GST collection has crossed ₹1.75 lakh crore mark. Total number of e-way bills generated in the month of March 2023 was 9.0 crore, which is 11% higher than 8.1 crore e-way bills generated in the month of February 2023.

Highest tax collected on a single day ever at ₹68,228 crore

Month of April 2023 saw the highest ever tax collection on a single day on 20th April 2023. On 20th April 2023, ₹ 68,228 crore was paid through 9. 8 lakh transactions. The highest single day payment last year (on the same date) was ₹ 57,846 crore through 9.6 lakh transactions.

Important facts for upcoming exams from the above Current Affairs Topic

• President of India: Droupadi Murmu 
• Vice President of India: Jagdeep Dhankhar
• Prime Minister of India: Narendra Modi 
• Chief Justice of India: Justice DY Chandrachud
• Lok Sabha Speaker of India: Om Birla 
• Capital of India: New Delhi 
• Largest city of India: Mumbai 
• Official languages of India: Hindi / English 
• Currency of India: Indian rupee (₹) (INR) 
• Total Population of India 2018 estimate: Neutral increase 1,352,642,280