According to data released by the Ministry of Finance today, the gross GST revenue collected in the month of August 2022 jumped 28% year-on-year.
August GST collections came in at ₹1,43,612 crore of 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 (including ₹ 1,018 crore collected on import of goods).
The revenues for the month of August 2022 are 28% higher than the GST revenues in the same month last year of ₹ 1,12,020 crore.
For six months in a row now, the monthly GST revenues have been more than the ₹ 1.4 lakh crore mark.
“The growth in GST revenue till August 2022 over the same period last year is 33%, 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,” the government said in a statement.
Meanwhile, as per the state-wise growth of GST revenue during August 2022, Nagaland’s revenue was ₹ 38 crore in the month of August 2022, 18% higher than the GST revenue in the same month last year of ₹ 32 crore.
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