The Ministry of Finance shared charts and graphs showing a rise in the Goods and Service Tax collection in India compared to last year which becomes the second-highest collection now.
Prime Minister Narendra Modi shared the tweet containing the data and wrote, "Great news for the Indian economy! Rising tax collection despite lower tax rates shows the success of how GST has increased integration and compliance."
The Ministry of Finance in its tweet wrote about the trend of rising tax collection, they mentioned, " #GST revenue collection for April 2023 highest ever at ₹1.87 lakh crore Gross #GST collection in April 2023 is all time high, ₹19,495 crore more than the next highest collection of ₹1,67,540 crore, in April 2022".
Along with another tweet informing, "#GST revenues for April 2023 are 12% higher than the GST revenues Y-o-Y Highest tax collected on a single day ever at ₹68,228 crore through 9.8 lakh transactions on 20th April 2023."
Minister of Commerce and Industry, Piyush Goyal also shared the said data and wrote, "It is a mirror of India's consistent economic growth and resilience."
According to media reports, the revenues from domestic transactions are 16 per cent higher compared to the same source in the same month last year.
It is also said that this is the first time the gross GST collection has crossed Rs 1.75lakh crore mark.
