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Items and Providers Tax (GST) assortment in August 2022 stood at Rs 1,43,612, in response to knowledge launched by the Ministry of Finance on Thursday. That is the sixth month in a row when GST assortment remained above Rs 1.40 lakh crore.
“Higher reporting coupled with financial restoration has been having a constructive influence on the GST revenues on a constant foundation,” the ministry mentioned in a press release.
₹1,43,612 crore gross GST income collected in month of August 2022
Revenues for August 2022 28% greater than the GST revenues in the identical month in 2021
Month-to-month GST revenues greater than the ₹ 1.4 lakh crore for six months in a row
Learn extra https://t.co/wmSCYdWQ5o pic.twitter.com/EcoNDeuMPF
— Ministry of Finance (@FinMinIndia) September 1, 2022
The gross GST income 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, Built-in GST is Rs 77,782 crore (together with Rs 42,067 crore collected on import of products) and cess is Rs 10,168 crore (together with Rs 1,018 crore collected on import of products), the ministry mentioned.
The revenues for the month of August 2022, registered 28 per cent enhance than the GST revenues of Rs 1,12,020 crore collected in August 2021.
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