GST revenue rises 28% to Rs 1.43 lakh-crore in August
Collections from Goods and Services Tax (GST) rose 28 per cent to Rs 1.43 lakh crore in August, the Finance Ministry said on Thursday.
GST collection remained over the Rs 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 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), the ministry said.
The revenues for August 2022 registered a 28 per cent increase over the GST revenues of Rs 1,12,020 crore collected in August 2021.Â
With agency inputs
