The gross Goods and Services Tax (GST) revenue collection for April, 2021 hit yet another peak of Rs 1,41,384 crore, of which CGST was Rs 27,837 crore, SGST Rs 35,621,and IGST Rs 68,481 crore, as per the press note released by the government.
Collections in April 2021 have surpassed even those of March.
"In line with the trend of recovery in the GST revenues over past six months, the revenues for the month of April 2021 are 14 percent higher than the GST revenues in the last month of March’2021," the note read.
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During the month, the revenues from domestic transactions, including import of services were up 21 percent than the revenue from these sources last month.
GST revenues have not only crossed the Rs 1 lakh crore mark during successively for the last seven months but have also shown a steady increase, the government added.
According to the government, close monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration have also contributed to the increase in this month's revenue.
In April, the government settled Rs. 29,185 crore to CGST and Rs. 22,756 crore to SGST from IGST as regular settlement.
The total revenue of Centre and the States after regular and ad-hoc settlements in the month of April’ 2021 is Rs. 57,022 crore for CGST and Rs. 58,377 crore for the SGST.
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