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GST Collections Hit Record High Of Rs 2.1 Lakh Crore In April’24 admin May 7, 2024

GST Collections Hit Record High Of Rs 2.1 Lakh Crore In April’24

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IamSMEofIndia Business Update

GST Collections Hit Record high.
Of Rs 2.1 Lakh Crore In April’24

India's Goods and Services Tax (GST) collections soared to an all-time high of Rs 2.1 lakh crore in April 2024, registering a robust 12.4% year-on-year growth.
This remarkable achievement was driven by a strong growth in domestic transactions, which surged by 13.4%, coupled with an 8.3% increase in imports.
After adjusting for refunds, the net GST revenue for April’24 stood at an impressive Rs 1.92 lakh crore, reflecting a significant 17.1% growth compared to the corresponding period last year, when the government had collected Rs 1.87 lakh crore.


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