Goods and Services Tax (GST) collections for October 2022 reached a remarkable ₹1.51 lakh crore, marking the second-highest monthly collection since the tax's inception. This figure follows closely behind April 2022's record high and represents the eighth consecutive month where GST revenue has surpassed ₹1.4 lakh crore. The data also indicates a significant increase in e-way bills generated in September 2022 compared to August, suggesting robust economic activity.
Second highest collection ever with, next only to the collection in April 2022
Monthly GST revenues more than ₹1.4 lakh crore for eight months in a row, with ₹1.5 lakh crore crossed for the 2nd time since inception of GST
September 2022 sees generation of 8.3 crore e-way bills, which is signif
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FAQ :
The gross GST revenue collected in October 2022 was ₹1,51,718 crore.
The October 2022 collection is the second highest ever recorded, with only April 2022 seeing a higher amount.
GST revenue has exceeded ₹1.4 lakh crore for eight consecutive months, including October 2022.
In September 2022, 8.3 crore e-way bills were generated, which is higher than the 7.7 crore generated in August 2022.
The total revenue comprised ₹26,039 crore CGST, ₹33,396 crore SGST, ₹81,778 crore IGST (including imports), and ₹10,505 crore Cess (including imports).