The good news is that the GST revenues for April 2022 touched an all-time high of Rs.1.68 trillion; nearly 20% up on a yoy basis. Typically, the April GST figure actually pertains to March economic activity. More than 1.06 crore GST returns in GSTR-3B were filed. The GST collections stood at Rs.33,159 crore central GST, Rs.41,793 crore state GST and Rs.81,939 IGST. The reason for the surge in GST collections was higher economic activity, tighter compliance as well as the better use of data analytics and AI to plug revenue leakages.
The good news is that the GST revenues for April 2022 touched an all-time high of Rs.1.68 trillion; nearly 20% up on a yoy basis. Typically, the April GST figure actually pertains to March economic activity. More than 1.06 crore GST returns in GSTR-3B were filed. The GST collections stood at Rs.33,159 crore central GST, Rs.41,793 crore state GST and Rs.81,939 IGST. The reason for the surge in GST collections was higher economic activity, tighter compliance as well as the better use of data analytics and AI to plug revenue leakages.