Rs 1,44,616 Crore Gross GST Revenue Collection For June 2022

Gross GST collection in June 2022 is the second-highest collection next to the April 2022 collection GST collection crosses Rs 1.40 lakh crore mark 5th time since the inception of GST; 4th month at a stretch since March 2022. The gross GST collection in June 2022 is the 2nd highest collection subsequent to the April 2022 GST collection of Rs 1,67,540 crore.

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Key points:

• The total GST revenue collected in the month of June 2022 would be Rs 1,44,616 cr of which CGST would be Rs 25,306 cr, SGST is Rs 32,406 crore, IGST stands at Rs 75887 cr (along with Rs 40102 cr collected on the goods import and cess stood at Rs 11,018 crore (along with Rs 1197 crore collected on import of goods).
• The is a settlement of Rs 29,588 crore to CGST and Rs 24,235 cr to SGST from IGST done by the government. Moreover, the center initiated a settlement of Rs 27,000 cr for IGST on the grounds of ad-hoc in the ration of 50:50 between the center and states/UTs in the same month.
• The total revenue of the center and the states in June 2022 post to regular and ad-hoc settlement would be Rs 68,394 crore for CGST and Rs 70,141 cr for the SGST.

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