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GST Collections in April Touch All-time High of ₹1.68 Lakh Cr

Goods and service tax (GST) collections hit an all-time high of ₹1.68 lakh crore in April, indicating strong economic activity despite multiple headwinds and better tax compliance. The April number is up 20% from the year earlier and ₹25000 crore more than the previous highest of ₹1.42 lakh crore in March this year. “Total number of e-waybills generated in the month of March 2022 was 7.7 crore, which is 13% higher than 6.8 crore e-way bills generated in the month of February 2022, which reflects recovery of business activity at faster pace,” a finance ministry also attributed the jump in the returns filed to “strict enforcement actions taken against identified based on data analytics and artificial intelligence.” Turns were filed compared with 9.2 million in the year earlier.

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