The government has settled ₹ 29,524 crore to CGST and ₹ 25,119 crore to SGST from IGST. The total revenue of Centre and the States in the month of August 2022 after regular settlement is ₹ 54,234 crore for CGST and ₹ 56,070 crores for the SGST.
The revenues for the month of August 2022 are 28% higher than the GST revenues in the same month last year of ₹1,12,020 crores. During the month, revenues from import of goods was 57% higher and the revenues from domestic transaction (including import of services) are 19% higher than the revenues from these sources during the same month last year.
For six months in a row now, the monthly GST revenues have been more than the ₹ 1.4 lakh crore mark. The growth in GST revenue till August 2022 over the same period last year is 33%, continuing to display very high buoyancy. This is a clear impact of various measures taken by the Council in the past to ensure better compliance. Better reporting coupled with economic recovery has been having positive impact on the GST revenues on a consistent basis. During the month of July 2022, 7.6 crore e-way bills were generated, which was marginally higher than 7.4 crore in June 2022 and 19% higher than 6.4 crore in July 2021.
The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of August 2022 as compared to August 2021.
₹ 1,43,612 cr. gross GST revenue collected in Aug 2022
— PIB in Maharashtra 🇮🇳 (@PIBMumbai) September 1, 2022
Revenues 28% higher than the GST revenues in Aug'22 than same month in 2021
Monthly GST revenues more than the ₹ 1.4 lakh cr. for 6 months in a row
Maharashtra's GST in Aug'22 is ₹ 18,863 cr. https://t.co/m6FSW7w0YV pic.twitter.com/AjaqU0SeIt
According to a state-wise data revealed, Maharashtra collected a GST revenue of INR 18,863 crores in the month of August 2022, which denotes 24 per cent growth within a year compared to INR 15,175 crores in August 21.
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