Masters India

April GST Collection Likely to Range From Rs. 1.45-1.50 Lakhs Crore

Seep Gupta
Seep Gupta at March 06, 2023

April GST Collection 

According to the sources in the Finance Ministry, the monthly collection under the Goods and Services Tax (GST) is likely to reach an all-time high of Rs. 1.45-1.50 lakh crore. The estimated approximate numbers have marked a month-on-month surge in the GST collections. In the previous month i.e in march, the highest recorded GST collection was Rs. 1.42 lakh crore. It was 6.8 per cent higher as compared to the Goods and Services Tax collection in the previous month.

GST Collection Highlights of the Previous Year

Till now, the second-highest monthly Goods and Services Tax collection was in the month of April 2021 last year. This year the GST collection stats have peaked at Rs. 1.41 lakh crore.

If the projected numbers and the approximate statistical data are correct then it would be the 10th month in a row where GST collections would cross the mark of Rs. 1 Lakh crore-mark. For the fiscal year of 2022, the total goods and services tax collections amounted to Rs. 14.83 lakh crore. It was Rs. 11.37 lakh crore in the financial year of 2021. This year the Goods and Services Tax collection has increased by 30 per cent.


Reasons for Rising of Goods and Services Tax Collections

The Finance Ministry has stated several reasons for the steep rise in the GST collections. These are given below:-

  1. Because of ongoing economic recovery.
  2. Because of the anti-evasion activities.
  3. It can be also because of the various rate rationalisation measures undertaken by the Goods and Services Tax (GST) council to correct inverted duty structures.


In spite of the ever-rising of the GST collections, a group of ministers which was constituted in the September last year with the aim to deliberate on the increasing rates is yet to submit their report on this matter, as stated by the Finance Ministry. This committee is headed by the Karnataka Chief Minister Mr Basavraj Bommai. It was set up by the GST council last year to recommend ways to detect flaws and anomalies in the tax-rate structure to correct and augment the revenue system. 

Rate your experience
4.80 / 5. Vote count: 148
GST Billing Software
GST Software: Pay GST to only compliant Vendors!

Check out other Similar Posts

No Data found
No Blogs to show
Need Help in Getting Started?
Make smart decision to replace your manual work with modern solution and improve your business output
Request Callback
Continue Browsing
Subscribe Now!
Receive GST, E way bill, e-Invoice, Accounts payable and OCR updates from our experts.
Chat with us

😄Hello. Welcome to Masters India! I'm here to answer any questions you might have about Masters India Products & APIs. What brings you to our website today?

Looking for

GST Software

E-Way Bill Software

E-Invoice Software

BOE TO Excel Conversion

Accounts Payable Software

Invoice OCR Software/APIs


GST Verification API

E-Way Bill API

E-Invoicing API

KSA E-Invoice APIs

Vehicle tracking

Vendor Verification API

Other Requirement