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₹1,40,885 crore gross GST Revenue collection for May 2022; increase of 44% year-on-year GST collection crosses ₹1.40 lakh crore mark 4th time since inception of GST; 3rd month at a stretch since March 2022 The gross GST revenue collected in the month of May 2022 is₹1,40,885croreof which CGST i
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FAQ :
The gross GST revenue collected in May 2022 was £1,40,885 crore.
The GST revenues for May 2022 were 44% higher than in May 2021, when collections stood at £97,821 crore.
No, this is the fourth time the monthly GST collection has surpassed the £1.40 lakh crore mark since the inception of GST.
The collection comprised £25,036 crore CGST, £32,001 crore SGST, £73,345 crore IGST (including imports), and £10,502 crore cess (including imports).
Revenues from the import of goods were 43% higher, and revenues from domestic transactions (including import of services) were 44% higher compared to May 2021.
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