GST revenue collection more than the Rs 1.4 lakh crore for six months in a row: Finance Ministry

1 Sep 2022 , 12:11 PM

The gross GST revenue collected in the month of August 2022 is Rs 1,43,612 crore of which CGST is Rs 24,710 crore, SGST is Rs 30,951 crore, IGST is Rs 77,782 crore (including Rs 42,067 crore collected on import of goods) and cess is Rs 10,168 crore (including Rs 1,018 crore collected on import of goods), official data showed. The government has settled Rs 29,524 crore to CGST and Rs 25,119 crore to SGST from IGST. The total revenue of Centre and the States in the month of August 2022 after regular settlement is Rs 54,234 crore for CGST and Rs 56,070 crore for the SGST. The revenues for the month of August 2022 are 28% higher than the GST revenues in the same month last year of Rs 1,12,020 crore. During the month, revenues from import of goods was 57% higher and the revenues from domestic transaction (including import of services) are 19% higher than the revenues from these sources during the same month last year. Powered by Capital Market – Live News