Gross GST revenue collected in April 2022 amounted to Rs 1.67,540 crore, of which CGST was Rs 33,159 crore, SGST is Rs 41,793 crore and IGST at Rs 81,939 crore, according to a data released by the Ministry of Finance. Sunday. This includes Rs 36,705 crore collected on importation of goods. The cess collected was at Rs 10,649 crore, the government announcement further said.
The gross GST collection in April 2022 is record high, 25,000 crore Rs more than the second highest collection of Rs. 1,42,095 crore, just last month, the release said.
The government has settled Rs 33,423 crore for CGST and Rs 26962 crore for SGST from IGST. The total revenue of the center and the states in the month of April 2022 after regular settlement is Rs 66,582 crore for CGST and Rs 68,755 crore for SGST, it further said.
Revenue for April 2022 is 20% higher than GST revenue in the same month last year. During the month, revenues from imports of goods were 30% higher, and revenues from domestic transactions (including imports of services) are 17% higher than revenues from these sources in the same month last year, the announcement said.
For the first time, the gross GST collection has passed the Rs 1.5 lakh crore mark. The total number of e-vouchers generated in March 2022 was 7.7 crore, which is 13% higher than 6.8 crore e-vouchers generated in February 2022, which reflects the recovery of business activity at a faster pace, the statement reads claimed.
The chart below shows trends in monthly gross GST revenue over the current year.
The month of April 2022 saw the highest tax collection ever in a single day on April 20, 2022 and the highest collection in an hour between 16.00 and 17.00 that day. On April 20, 2022, Rs 57,847 crore was paid through 9.58 lakh transactions, and during 4-5 PM, almost Rs 8,000 crore was paid through 88,000 transactions. The highest single day payment last year (on the same date) was Rs 48,000 crore through 7.22 lakh transactions and the highest one hour charge (14.00-15.00 on the same date last year) was Rs 6,400 crore through 65,000 transactions.
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During April 2022, 1.06 crore GST declarations were filed in GSTR-3B, of which 97 lakhs related to the month of March 2022, compared to a total of 92 lakh returns filed during April 2021. Similarly, in April 2022 1.05 crore statements on ivoices issued in GSTR-1 were filed. Until the end of the month, the application rate for GSTR-3B in April 2022 was 84.7% compared to 78.3% in April 2021, and the application rate for GSTR-1 in April 2022 was 83.11% compared to 73.9% in April 2021.
This shows a clear improvement in compliance behavior, which is a result of various measures taken by the tax administration to encourage taxpayers to file tax returns in a timely manner, to make compliance easier and smoother, and strict enforcement measures taken against erroneous taxpayers identified based on on data analysis and artificial intelligence.