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Finance Ministry: GST collection rose 28% in August to Rs 1.43 trillion

Finance Ministry: GST collection rose 28% in August to Rs 1.43 trillion_50.1

The GST collection remained above the Rs 1.4-trillion mark for the sixth straight month in August and the ensuing festival season will help continue the trend. The gross GST revenue collected in August 2022 is Rs 1.43 trillion of which CGST is Rs 24,710 crore, SGST is Rs 30,951 crore, IGST 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).

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The revenues for the month of August 2022 are 28 per cent higher than the GST revenues of Rs 1,12,020 crore collected in August 2021. The collection in August is, however, lower than Rs 1.49 trillion collected in July. The mop-up was at a record high of Rs 1.67 trillion in April.

GST Collection of Previous Months in 2022

  • January: 1,40,986 crore
  • February: 1,33,026 crore
  • March: 1,42,095 crore
  • April: 1,67,540 crore
  • May: 1,40,885 crore
  • June: 1,44,616 crore
  • July: 1,48,995 crore

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Finance Ministry: GST collection rose 28% in August to Rs 1.43 trillion_60.1

Finance Ministry: GST collection rose 28% in August to Rs 1.43 trillion_70.1

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