Newdelhi:1/7/22:The gross GST revenue collected in June 2022 is ₹144,616 crore of which CGST is ₹25,306 crore, SGST is ₹32,406 crore, IGST is ₹75887 crore (including ₹40102 crores collected on import of goods) and cess is ₹11,018 crore (including ₹ 1197 crore collected on import of goods). The gross GST collection in June 2022 is the second-highest collection next to the April 2022 collection of ₹1,67,540 crore.
The government has settled ₹29,588 crores to CGST and ₹24,235 crores to SGST from IGST. In addition, the Centre has also settled ₹27,000 crores of IGST on an ad-hoc basis in the ratio of 50:50 between the Centre and States/UTs in this month. The total revenue of the Centre and the States in June 2022 after regular and Adhoc settlement is ₹68,394 crores for CGST and ₹70,141 crores for the SGST.
The revenues for June 2022 are 56% higher than the GST revenues in the same month last year of ₹92,800 crores. During the month, revenues from import of goods were 55% higher and the revenues from the domestic transaction (including import of services) are 56% higher than the revenues from these sources during the same month last year.
This is the fifth time the monthly GST collection crossed the ₹1.40 lakh crore mark since the inception of GST and the fourth month at a stretch since March 2022. The collection in June’2022 is not only the second-highest but also has broken the trend of being a low collection month as observed in the past. The total number of e-way bills generated in May 2022 was 7.3 crore, which is 2% less than the 7.4 crore e-way bills generated in April 2022.
The average monthly gross GST collection for the first quarter of the FY 2022-23 has been ₹1.51 lakh crore against the average monthly collection of ₹1.10 lakh crore in the first quarter of the last Financial year showing an increase of 37%. Coupled with economic recovery, anti-evasion activities, especially action against fake billers have been contributing to the enhanced GST. The gross cess collection in this month is the highest since the introduction of GST.
The chart below shows trends in monthly gross GST revenues from 2017-18. The table shows the state-wise figures of GST collected in each State during June 2022 as compared to June 2021.
State-wise growth of GST Revenues during June 2022
|Jammu and Kashmir||300||372||24%|
|Daman and Diu||0||0||-13%|
|Dadra and Nagar Haveli||243||350||44%|
|Andaman and Nicobar Islands||12||22||94%|