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 croreof 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(i
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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.