August GST revenue collection up by 28% at Rs 1.4 lakh crore



Quick Summary
India's Goods and Services Tax (GST) revenue for August 2022 reached a significant ₹1,43,612 crore, marking a substantial 28% rise compared to the same month in 2021. This is the sixth consecutive month where GST collections have surpassed the ₹1.4 lakh crore threshold. The impressive growth is attributed to improved compliance measures and economic recovery, with revenues from imports up 57% and domestic transactions up 19% year-on-year.

₹ 1,43,612 crore gross GST revenue collected in the month of August 2022

Revenues for the month of August 2022 28% higher than the GST revenues in the same month in 2021

Monthly GST revenues more than the ₹ 1.4 lakh crore for six months in a row

The gross GST revenue collected in the month of August 2022 is

₹ 1,43,612 crore of which CGST is ₹ 24,710 crore, SGST is ₹ 30,951 crore, IGST is
₹ 77,782 crore (including ₹ 42,067 crore collected on import of goods) and cess is
₹ 10,168 crore (including ₹ 1,018 crore collected on import of goods).

The government has settled ₹ 29,524 crore to CGST and ₹ 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 ₹ 54,234 crore for CGST and ₹ 56,070 crore for the SGST.

August GST Revenue Soars 28  to ₹1.4 Lakh Crore

The revenues for the month of August 2022 are 28% higher than the GST revenues in the same month last year of ₹ 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.

For six months in a row now, the monthly GST revenues have been more than the ₹ 1.4 lakh crore mark. The growth in GST revenue till August 2022 over the same period last year is 33%, continuing to display very high buoyancy. This is a clear impact of various measures taken by the Council in the past to ensure better compliance. 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% higher than 6.4 crore in June 2021.

The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of August 2022 as compared to August 2021.

Trends in GST Collection

State-wise growth of GST Revenues during August 2022

State

Aug-21

Aug-22

Growth

Jammu and Kashmir

392

434

11%

Himachal Pradesh

704

709

1%

Punjab

1,414

1,651

17%

Chandigarh

144

179

24%

Uttarakhand

1,089

1,094

0%

Haryana

5,618

6,772

21%

Delhi

3,605

4,349

21%

Rajasthan

3,049

3,341

10%

Uttar Pradesh

5,946

6,781

14%

Bihar

1,037

1,271

23%

Sikkim

219

247

13%

Arunachal Pradesh

53

59

11%

Nagaland

32

38

18%

Manipur

45

35

-22%

Mizoram

16

28

78%

Tripura

56

56

0%

Meghalaya

119

147

23%

Assam

959

1,055

10%

West Bengal

3,678

4,600

25%

Jharkhand

2,166

2,595

20%

Odisha

3,317

3,884

17%

Chhattisgarh

2,391

2,442

2%

Madhya Pradesh

2,438

2,814

15%

Gujarat

7,556

8,684

15%

Daman and Diu

1

1

4%

Dadra and Nagar Haveli

254

310

22%

Maharashtra

15,175

18,863

24%

Karnataka

7,429

9,583

29%

Goa

285

376

32%

Lakshadweep

1

0

-73%

Kerala

1,612

2,036

26%

Tamil Nadu

7,060

8,386

19%

Puducherry

156

200

28%

Andaman and Nicobar Islands

20

16

-21%

Telangana

3,526

3,871

10%

Andhra Pradesh

2,591

3,173

22%

Ladakh

14

19

34%

Other Territory

109

224

106%

Center Jurisdiction

214

205

-4%

Grand Total

84,490

1,00,526

19%

1]Does not include GST on import of goods

FAQ :

The gross GST revenue collected in August 2022 was ₹1,43,612 crore.

GST revenue in August 2022 was 28% higher than in August 2021, when it stood at ₹1,12,020 crore.

GST revenues have exceeded ₹1.4 lakh crore for six consecutive months.

The increase is due to better compliance, economic recovery, and specific measures taken by the GST Council. Revenues from the import of goods increased by 57% and from domestic transactions by 19%.

States like Ladakh (34%), Goa (32%), Karnataka (29%), and Mizoram (78%) showed significant growth. West Bengal saw a 25% increase, and Maharashtra collected 24% more GST.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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