India’s GST Revenue Collection in April 2023 Hits Record High

The Goods and Services Tax (GST) revenue collection in India in April 2023 has recorded an all-time high of Rs 1.87 lakh crore. This collection is Rs 19,495 crore more than the next highest collection of Rs 1.67 lakh crore in April 2022. The GST revenues for April 2023 are 12% higher than the GST revenues in the same month last year. The government collected the highest tax on a single day ever on 20th April 2023, at Rs 68,228 crore, through 9.8 lakh transactions. This article aims to provide an in-depth analysis of the GST revenue collection for April 2023 in India.

Overview of GST Revenue Collection in April 2023

According to the data released by the Ministry of Finance, the gross GST revenue collected in April 2023 is Rs 1,87,035 crore. This includes CGST (Central Goods and Services Tax) of Rs 38,440 crore, SGST (State Goods and Services Tax) of Rs 47,412 crore, IGST (Integrated Goods and Services Tax) of Rs 89,158 crore (including Rs 34,972 crore collected on import of goods), and cess of Rs 12,025 crore (including Rs 901 crore collected on import of goods).

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

Reasons Behind the Increase in GST Revenue Collection

The revenue collection for the month of April 2023 is 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. There are several reasons behind this increase in GST revenue collection:

1. Increased Economic Activity

The first reason behind the increase in GST revenue collection is the increase in economic activity in the country. With the Covid-19 pandemic under control, economic activity has picked up in several sectors of the economy, leading to higher GST collections.

2. Simplification of GST Filing Process

The government has been simplifying the GST filing process in recent years, making it easier for businesses to comply with GST regulations. This has led to a higher number of businesses filing their GST returns on time, resulting in higher GST collections.

3. Better Enforcement of GST Regulations

The government has been cracking down on businesses that are not complying with GST regulations. This has led to better enforcement of GST regulations, resulting in higher GST collections.

State-wise GST Revenue Collection

The table below shows the state-wise figures of GST collected in each state during the month of April 2023 as compared to April 2022.

State/UT	Apr-22	Apr-23	Growth (%)
Jammu and Kashmir	560	803	44
Himachal Pradesh	817	957	17
Punjab	1,994	2,316	16
Chandigarh	249	255	2
Uttarakhand	1,887	2,148	14
Haryana	8,197	10,035	22
Delhi	5,871	6,320	8
Rajasthan	4,547	4,785	5
Uttar Pradesh	8,534	10,320	21
Bihar	1,471	1,625	11
Sikkim	264	426	61
Arunachal Pradesh	196	238	21
Nagaland	68	88	29
Manipur	69	91	32
Mizoram	46	71	53
Tripura	107	133	25
Meghalaya	227	239	6
Assam	1,313	1,513	15
West Bengal	5,644	6,447	14
Jharkhand	3,100	3,701	19
Odisha	4,910	5,036	3
Chhattisgarh	2,977	3,508	18
Madhya Pradesh	3,339	4,267	28
Gujarat	11,264	11,721	4
Dadra and Nagar Haveli and Daman and Diu	381	399	5
Maharashtra	27,495	33,196	21
Karnataka	11,820	14,593	23
Goa	470	620	32
Lakshadweep	3	3	-7
Kerala	2,689	3,010	12
Tamil Nadu	9,724	11,559	19
Puducherry	206	218	6
Andaman and Nicobar Islands	87	92	5
Telangana	4,955	5,622	13
Andhra Pradesh	4,067	4,329	6
Ladakh	47	68	43
Other Territory	216	220	2
Center Jurisdiction	167	187	12
Grand Total	1,29,978	1,51,162	16

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