The government collected 1.60 trillion rupees of GST in
March, and 1.68 trillion in April 2022.
Efforts to control tax evasion and economic recovery post
the Covid-19 pandemic helped to boost GST collection in April.
GST is collected with a lag of one month, and the tax mopped up
in April represents the economic activity in March.
A normalising base along with cooling inflation may moderate
the pace of tax growth slightly in the coming quarter, said
Aditi Nayar, economist at ICRA.
The growth in tax collections comes after the Indian economy
registered nominal growth of 10.5% in 2022/23.
In the financial year ended March 31, the government
collected 18.10 trillion of GST on gross basis, which was about
22% higher year-on-year.
(Reporting by Nikunj Ohri, Editing by Louise Heavens and Sharon
Singleton)
(Adds economist comment, context)
NEW DELHI, May 1 (Reuters) - The Indian government's
monthly goods and services tax (GST) collection rose 12%
year-on-year to a record high in April of 1.87 trillion Indian
rupees ($22.88 billion), a government statement said on Monday.
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