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GST collection crosses ₹1.40 lakh crore mark 5th time since inception

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[1]

State Jun-21 Jun-22 Growth
Jammu and Kashmir 300 372 24%
Himachal Pradesh 519 693 34%
Punjab 1,111 1,683 51%
Chandigarh 120 170 41%
Uttarakhand 702 1,281 82%
Haryana 3,801 6,714 77%
Delhi 2,656 4,313 62%
Rajasthan 2,176 3,386 56%
Uttar Pradesh 4,588 6,835 49%
Bihar 889 1,232 39%
Sikkim 212 256 21%
Arunachal Pradesh 33 59 77%
Nagaland 30 34 11%
Manipur 22 39 78%
Mizoram 17 26 49%
Tripura 43 63 47%
Meghalaya 105 153 46%
Assam 662 972 47%
West Bengal 2,744 4,331 58%
Jharkhand 2,032 2,315 14%
Odisha 3,000 3,965 32%
Chhattisgarh 2,230 2,774 24%
Madhya Pradesh 2,098 2,837 35%
Gujarat 6,128 9,207 50%
Daman and Diu 0 0 -13%
Dadra and Nagar Haveli 243 350 44%
Maharashtra 13,722 22,341 63%
Karnataka 5,103 8,845 73%
Goa 256 429 67%
Lakshadweep 0 1 33%
Kerala 998 2,161 116%
Tamil Nadu 4,380 8,027 83%
Puducherry 104 182 75%
Andaman and Nicobar Islands 12 22 94%
Telangana 2,845 3,901 37%
Andhra Pradesh 2,051 2,987 46%
Ladakh 6 13 118%
Other Territory 127 205 61%
Centre Jurisdiction 164 143 -12%
Grand Total 66,229 1,03,317 56%

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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