India’s GST collections hit a file excessive of Rs 2.37 lakh crore in April, rising 12.6% year-over-year.
In April 2024, GST mop-up stood at Rs 2.10 lakh crore, making it the second-highest ever since GST’s rollout in July 2017.
Income from home transactions rose 10.7% to round Rs 1.9 lakh crore, whereas collections from imports jumped 20.8% to Rs 46,913 crore.
Refunds issued in April surged 48.3% to Rs 27,341 crore.
For comparability, GST collections in March 2025 stood at Rs 1.96 lakh crore, up 9.9% YoY; the identical determine was additionally recorded in January.
The federal government has projected an 11% rise in GST income for FY25, focusing on Rs 11.78 lakh crore, together with Central GST and compensation cess.
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