gst collections at record high india clocked a whopping rs 187 lakh crore from goods and services tax gst collections in the month of april 2023 the highest ever monthly collection since the introduction of gst almost 6 years agowhat does this high gst number mean for the indian economy are these gst collections sustainable and what is the road ahead for one of the biggest tax reforms that india has ever seen in this weeks episode of toi business bytes we seek to bring you answers to these major economic questionsread alsosurprise checks one of goas plans to boost gst mopupthe department of state tax is working to increase the tax base in goa to boost tax collections and plug leakages reports newton sequeiragst collections at record high explained what it means for indian economy gst reformaccording to the ministry of finance the gross gst revenue collected in the month of april 2023 stood at rs 187035 crore out of this rs 38440 crore was central goods and services tax cgst and rs 47412 crore was state goods and services tax sgst the integrated goods and services tax igst stood at rs 89158 crorein the video above yuvika singhal economist at quanteco explains why april saw record gst data and why the month of may is likely to present a more realistic picture she also expresses optimism that the steady growth in gst numbers is a reflection of the strong domestic economy story amidst the ongoing global economic turmoilyuvika talks about the importance of compliance and checking tax evasion and lauds the centre for taking proactive measures to plug in loopholes she also notes that the gst council has played an important role in rationalising gst rates which has helped deal with compliance issues she believes that going forward states will also need to take a deeper look to check gst evasionwatch the video above to know how indias gst reform compares to indirect tax collection mechanisms in major developed economies and why india should aspire to move towards a single tax rate system eventually