Finance Minister Nirmala Sitharaman said that GST collection has been showing an upward trend on an annual basis since its rollout on July 1, 2017, and the average gross monthly mop-up in the current fiscal so far is Rs 1.66 lakh crore. GST collection crossed the Rs 1.50 lakh crore mark in every month of the current fiscal and had touched a record high of Rs 1.87 lakh crore in April 2023.
Sitharaman said average monthly GST collection in 2022-23 was over Rs 1.50 lakh crore, higher than Rs 1.23 lakh crore in 2021-22. In 2020-21, the average monthly mop-up was Rs 94,734 crore. The monthly average gross GST collection for 2021-22 and 2022-23 have shown 30 per cent and 22 per cent year-on-year growth respectively.GST Council, has been bringing several reforms in GST and these measures would improve the GST compliance and increase the GST collection. These include structural changes like calibration of GST rates for correcting inverted duty structure and pruning of exemptions; measures for improving tax compliance. Also, system-based analytical tools and system-generated red flag reports are being shared with central as well as state tax authorities to take action against tax evaders. Central government, on the recommendation of the GST Council, has constituted State Benches of the GST Appellate Tribunal.
