look news india
Amidst the elections, the central government is making continuous progress on the GST front. GST collection has broken all records in the first month of the financial year itself. According to the data, for the first time in the month of April, GST collection was Rs 2.5 crore. 2 lakh crores crossed. There has been an increase of more than 12 percent compared to the same period last year. Whereas in the month of April last year itself, GST collection had crossed Rs 1.87 lakh crore. Since this record has not been broken in any month, let us also tell you how much money has been received under each item of GST at present.
Record made in GST collection
In April, amid the Lok Sabha elections, GST collections for the first time crossed Rs. More than Rs 2 lakh crore. The figure of Rs 2.10 lakh crore has been crossed. Till date, GST collection has never been above Rs. 2 lakh crores not reached. GST collection increased by 12.4 percent year-on-year. The net GST revenue figure for April 2024 after refunds is Rs 1.92 lakh crore, 17.1 per cent higher than the same period last year.
How much money came in which item?
Central GST collection in April was Rs. 43,846 crore and the state's GST collection is Rs. 53,538 crores. Integrated GST Rs. Out of which Rs 99,623 crore. Rs 37,826 crore includes collection on imported goods. Cess collection Rs. Out of which Rs 13,260 crore. Rs 1,008 crore includes levy on imported goods.
How was the GST collection last year?
Last year, GST collections were more than Rs 1.60 lakh crore in 10 out of 12 months. This includes Rs 1.57 lakh crore for the month of May and Rs 1.59 lakh crore for the month of August. GST collection in the month of December was Rs 1.78 lakh crore. Which is currently the third largest collection. Whereas in April last year there was an increase of Rs 1.87 lakh crore. According to experts, further increase in GST collection may be seen.
How was the collection last year?
GST collections in 10 out of 12 months in the last financial year were Rs. 1.60 lakh crores were lost. In which in the two months of May, Rs. And Rs 1.57 lakh crore in the month of August. 1.59 lakh crore included. GST collection in the month of December was Rs 1.78 lakh crore. Which is currently the third largest collection. Whereas last year in the month of April only Rs. An increase of more than Rs 1.87 lakh crore was seen. According to experts, further increase in GST collection may be seen.
Highest increase in this state
According to PIB data, GST collection in Mizoram has increased by more than 52 percent. Whereas last year GST collection in Mizoram was Rs. Which is Rs 71 crore this year. 108 crores. Talking about Lakshadweep, the GST collection here has been Rs 1 crore. Whereas an increase of Rs 3 crore was seen in the same period last year. The total GST collection from the states in the month of April was Rs. 1,71,433 crore. Whereas in the month of April last year this figure was seen at Rs 1,51,162 crore. That means an increase of 13 percent has been seen in the month of April this year.