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Goods and Services Tax collection at all-time high

Goods and Services Tax collection at all-time high

Goods and Services Tax (GST) collection scales record high of Rs 1.13 lakh crore in April, highest ever collection since GST implementation.

The GST collections in April jumped to its highest level of Rs 1,13,865 crore since its roll out in 2017.

While collections have been gradually increasing since August, they hit a record high last month of Rs 1.06 lakh crore, up from Rs 97,247 crore in the previous month, on the back of high compliance and increased number of returns.

The total number of GSTR 3B Returns filed for the month of March up to 30th April, 2019 is 72.13 lakh.