The Goods and Services Tax (GST) collection for September 2022 reached a significant milestone, totalling over £1.47 lakh crore. This represents a substantial 26% increase compared to the same month in the previous year. It marks the seventh consecutive month where GST revenues have surpassed the £1.4 lakh crore mark, indicating strong and consistent economic activity. Additionally, the GST portal processed over 1.1 crore e-invoices and e-way bills on a single day without any issues, highlighting the system's stability.
₹1,47,686 crore gross GST revenue collected in the month of September 2022
Monthly GST revenues more than ₹ 1.4 lakh crore for seven months in a row
Revenues for the month of September 2022 are 26% higher than the GST revenues in the same month in 2021
Another milestone crossed in September
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FAQ :
The gross GST revenue collected in September 2022 was £1,47,686 crore.
GST revenues in September 2022 were 26% higher than in September 2021.
September 2022 marked the seventh consecutive month where monthly GST revenues exceeded £1.4 lakh crore.
Revenues from the import of goods in September 2022 were 39% higher than in the same month last year.
More than 1.1 crore e-way bills and e-invoices, combined (72.94 lakh e-invoices and 37.74 lakh e-way bills), were generated without any glitch on the GST portal on September 30, 2022.
After regular settlements, the total revenue for September 2022 was £57,151 crore for CGST and £59,216 crore for SGST.