New Delhi, May 1 -- Central and state governments collected a record Rs.2.43 trillion in Goods and Services Tax (GST) revenue in the first month of the financial year, data from the finance ministry showed.

In April last year, Centre and states had collected Rs.2.37 trillion in GST revenue before adjusting for refunds. The higher gross revenue collection in April this year is in spite of the sharp tax cuts cut in September 2025 as part of efforts to stimulate demand. After adjusting for refunds, GST revenue in April stood at Rs.2.11 trillion. In April last year, net GST revenue receipts of Centre and states was Rs.2.09 trillion.

GST collections typically peak in the first month of the financial year, as April's revenue reflects the surg...