In April, both central and state governments collected a record of Rs 1.68 trillion in good and services tax; this decision was taken by Finance Minister to improve tax compliance.

The good news for policymakers is that is therein is an improvement in GST revenue collection to mobilization through non-tax measures like divestment and giving relief to the state government, which is likely to lose GST compensation from July.

• Coal India, AMNS Sign MoU on Syn-Gas at Paradip Plant
• HAL Hits 52-Week High of Rs 5,055 on Strong Q1 Results
• MP Approves Rs 1,757 Crore Bhopal-Vidisha Road Project
• Nvidia Reportedly Developing 1 Trillion-Parameter AI Model
• West Coast Paper Hits 52-Week High on Strong Q1 Profit

Also, this will help necessary inputs for central and state governments while considering further rationalization in the GST slabs and rates for revenue augmentation.

The finance ministry said the gross goods and services tax collection in April at Rs 1.68 trillion is about Rs 26,000 crore more than the previous best of Rs 1.42 trillion reported in March. It is also 20 per cent more than the GST collected a year ago.