All-time high GST collections in April 2022

Current GK (IBPS-PO) Indian Economy

03-May-22

The Goods and Services Tax collection touched an all-time high of over 1.68 lakh crore in April, 2022, the ministry of finance said while citing the improvement in economic activities.

For the first time, gross GST collection has crossed the ?1.5 lakh crore mark.
There were wide variations in growth trends across States.
While Tamil Nadu’s collections grew 10% in April, Odisha saw collections rise by 28%.
Arunachal Pradesh recorded the highest growth of GST revenue during April 2022 vis a vis April 2021, with a record 90% jump in GST collection.
For FY22, total GST collections amounted to Rs 14.83 lakh crore, up 30% from Rs 11.37 lakh crore in FY21.

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