Maharashtra and Karnataka contributes majorly in GST Collections in April 2023: FinMin Data

Maharashtra had the biggest GST collection in absolute terms, at Rs 33,196 crore, followed by Karnataka, which had the highest ever revenue since the National Indirect Tax regime was implemented six years ago, at Rs 14,593 crore.

According to finance ministry data, the other top ten states are Gujarat (Rs 11, 721 crore), Tamil Nadu (Rs 11,559 crore), Uttar Pradesh (Rs 10,320 crore), Haryana (Rs 10,035 crore), Delhi (Rs 6320 crore), Telangana (Rs 5622 crore), Odisha (Rs 5036 crore), and Rajasthan (Rs 4,785 crore).

Andhra Pradesh (Rs 4,329 crore) and Madhya Pradesh (Rs 4,267 crore) also performed well.

GST collection increased by 12% in April to Rs 1.87 lakh crore, the largest monthly collection since the implementation of the indirect tax regime.

In the month of April 2023, the gross GST income collected is 1,87,035 crore, of which CGST is 38,440 crore, SGST is 47,412 crore, IGST is 89,158 crore (including 34,972 crore collected on import of goods), and cess is 12,025 crore (including 901 crore collected on import of goods).

The government has settled Rs 45,864 crore to CGST and Rs 37,959 crore to SGST from IGST. The total revenue of Centre and the States in the month of April 2023 after regular settlement is Rs 84,304 crore for CGST and Rs 85,371 crore for the SGST.

The revenues for the month of April 2023 are 12% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 16% higher than the revenues from these sources during the same month last year.

Gross GST collection has surpassed 1.75 lakh crore for the first time. The total number of e-way bills issued in March 2023 was 9.0 crore, which is 11% more than the 8.1 crore generated in February 2023.

On April 20, 2023, the month of April 2023 saw the biggest ever tax collection on a single day. On April 20, 2023, 68,228 crore was paid in 9.8 lakh transactions. Last year (on the same date), the highest single-day payment was 57,846 crore, with 9.6 lakh transactions.