(Source: ECI/ABP News/ABP Majha)
GST Collection Jumps 28 Per Cent To Rs 1.43 Lakh Crore In August, Says Finance Ministry
The GST collection has remained over the Rs 1.4-lakh-crore mark for the sixth straight month in August
Collections from Goods and Services Tax (GST) rose 28 per cent to Rs 1.43 lakh crore in August, the Finance Ministry said on Thursday.
The GST collection has remained over the Rs 1.4-lakh-crore mark for the sixth straight month in August.
"Better reporting coupled with economic recovery has been having a positive impact on the GST revenues on a consistent basis," the ministry said in a statement.
The gross GST revenue collected in August 2022 stood at Rs 1,43,612 crore of which Central GST is Rs 24,710 crore, State GST is Rs 30,951 crore, Integrated GST is Rs 77,782 crore (including Rs 42,067 crore collected on import of goods), and cess is Rs 10,168 crore (including Rs 1,018 crore collected on import of goods), the ministry stated.
The revenues for the month of August 2022, registered 28 per cent increase than the GST revenues of Rs 1,12,020 crore collected in August 2021.
During the month, revenues from import of goods was 57 per cent higher and the revenues from domestic transaction (including import of services) are 19 per cent higher than the revenues from these sources during the same month last year.
The growth in GST revenue till August 2022 over the same period last year is 33 per cent, 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 per cent higher than 6.4 crore in June 2021.
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 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%
Source: Finance Ministry data
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