April GST collection of over Rs 1 lakh crore 'a landmark': Jaitley

Buoyed by GST collections exceeding Rs 1 lakh crore in April, Finance Minister Arun Jaitley said it is a landmark achievement and a confirmation of increased economic activity.

The government mopped up Rs 1.03 lakh crore in GST collection in April, indicating stabilisation of the new indirect tax regime which was rolled out on July 1 last year.

While Goods and Services Tax (GST) collection in entire 2017-18 stood Rs 7.41 lakh crore, in March the figure was Rs 89,264 crore.

"GST collections in April exceeding Rs 1 lakh crore is a landmark achievement and a confirmation of increased economic activity as brought out by other reports," Jaitley said in a tweet.

In another tweet, he said that with the improved economic climate, introduction of e-way bill and improved GST compliance, the indirect collections would continue to show a positive trend.

(Agencies)