India collects highest ever tax of $ 23 bn in 2023 |
India’s gross Goods and Services Tax (GST) collection reached a record all-time high in April 2023. India collected a total of Indian Rupees 187,035 crore, that’s nearly US Dollars 23 billion. This amount us Indian Rupees 19,495 crore or US Dollars 2.37 billion more than the collection in April 2022 of Indian Rupees 167,540 crore. The highest-ever GST revenue collection is hailed by Indian Prime Minister Narendra Modi as "great news for the Indian economy." The fact that tax collections are increasing despite reduced tax rates illustrates how well the GST has promoted compliance and integration, Modi said in a tweet.
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