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GST collections up 26% in Sept; GST portal fully stabilised and glitch-free, says FinMin
Goods and Services Tax (GST) collections in September rose 26 per cent to over Rs 1.47 lakh crore as against the same month last year, the Finance Ministry said on Saturday. The ministry also revealed that the government has settled Rs 31,880 crore to CGST and Rs 27,403 crore to SGST from IGST as regular settlement. The growth in GST revenue till September 2022 over the same period last year is 27 per cent, continuing to display very high buoyancy. The highest single-day collection of Rs 57,846 crore was collected on July 20, 2022, through 9.58 lakh challans, which pertained to end-of-the-year returns. This also reveals that the GST portal maintained by GSTN has fully stabilised and is glitch-free, the Finance Ministry added. September also saw another milestone getting crossed when more than 1.1 crore e-way bills and e-invoices, combined (72.94 lakh e-invoices and 37.74 lakh e-way bills), were generated without any glitch on the portal run by NIC on 30th September 2022. Source: BusinessToday #GST
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