Jammu, May 1 -- India's gross goods and services tax (GST) revenue collection surpassed two lakh crore rupees for the first time ever in April, according to figures released by the finance ministry. Riding strong growth in both domestic and import transactions, the net GST revenue collection crossed 1.92 lakh crore rupees, continuing the rising trend seen in recent months.

According to the finance ministry statement, April saw a robust twelve percent year-on-year increase in gross GST collection to reach the two lakh crore rupees mark. Domestic transactions grew over thirteen percent, while imports were up by around eight percent compared to the same period last year. With economic activity picking up pace and authorities ramping up anti...