GST mop-up hits record high of Rs 168 trn in April on robust biz activity
The goods and services tax (GST) collection touched a record high of Rs 1.68 trillion in April, surpassing the Rs 1.5-trillion mark for the first time since the introduction of the tax regime in 2017. The mop-up is Rs 26,000 crore higher than the previous record of Rs 1.42 trillion in March, shows the provisional data released by the finance ministry, which indicates an improved economic activity despite the escalating geopolitical conflict. GST collections have remained over the Rs 1.10-trillion mark since July 2021. The newly released GST figures pertain to transactions in March but tax collected in April. Even though the steep GST collection partly benefits from year-end adjustments, the high growth trend is likely to continue in the coming months, experts said. The ministry attributed the robust mop-up to its tightened compliance measures and a crackdown on GST evaders and fake bills. "It is a result of various measures taken by the tax a...