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    QONEQT in India

    01-Sep-2022 03:02 PM


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    GST Collection Rises 28% In August To ₹ 1.43 Lakh Crore

    New Delhi: Collections from Goods and Services Tax (GST) rose 28 per cent to ₹ 1.43 lakh crore in August, the Finance Ministry said on Thursday.
    GST collection has remained over the ₹ 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 ₹ 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 ministry said.

    The revenues for the month of August 2022, registered 28 per cent increase than the GST revenues of ₹ 1,12,020 crore collected in August 2021.
    Source: NDTV
    #GST