New Delhi: The gross Goods and Services Tax (GST) collection rose 28 per cent year-on-year in August 2022 to Rs 1,43,612 crore on improved compliance and economic recovery, government said.
“For six months in a row now, the monthly GST revenues have been more than the Rs 1.4 lakh crore mark. The growth in GST revenue till August 2022 over the same period last year is 33 per cent, continuing to display very high buoyancy,” Finance Ministry said on Thursday.
As per the official data, out of the total GST mop-up in August 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).
The government 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.
“Better reporting coupled with economic recovery has been having positive impact on the GST revenues on a consistent basis. During the month of July 2022, 7.6 crore e-way bills were generated, which was marginally higher than 7.4 crore in June 2022 and 19 per cent higher than 6.4 crore in June 2021,” said the Finance Ministry.