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GST collection rose to an all time high of Rs 2.37 lakh crore from Rs 1.96 lakh crore in the previous month, according to data released by the government on May 1.

The government had collected Rs 2.1 lakh crore in April 2024. The annualised pace of collections at 12.6 percent was also highest in 17 months.

The stellar performance follows from the previous quarter. Quarterly collections had hit a new high of Rs 5.75 lakh crore in the last quarter of FY25, as consumption helped provide support to the economy.

IGST revenues were up 20.8 percent, while domestic revenues expanded 10.7 percent for the month.

However, refunds were also higher at 48.3 percent, leading to a lower net revenue at 9.1 percent.

The growth in quarterly collections at 10.4 percent was the fastest in a year and considerably higher than 8.3 percent growth recorded in the third quarter of FY25.

April marks the fourth consecutive month when collections have remained above the Rs 1.8 lakh crore mark.

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