Categories: Economy

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

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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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.