₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year

Total number of e-way bills generated in the month of May 2022 was 7.3 crore, which is 2% less than 7.4 crore e-way bills generated in the month of April 2022

01 July, 2022 Finance News, News
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The gross GST revenue collected in the month of June 2022 is ₹144,616 crore of which CGST is ₹25,306 crore, SGST is ₹32,406 crore, IGST is ₹75887 crore (including ₹40102 crore 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 crore to CGST and ₹24,235 crore to SGST from IGST. In addition, Centre has also settled ₹27,000 crore of IGST on ad-hoc basis in the ratio of 50:50 between Centre and States/UTs in this month. The total revenue of Centre and the States in the month of June 2022 after regular and adhoc settlement is ₹68,394 crore for CGST and ₹70,141 crore for the SGST.

The revenues for the month of June 2022 are 56% higher than the GST revenues in the same month last year of ₹92,800 crore. During the month, revenues from import of goods was 55% higher and the revenues from 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 ₹1.40 lakh crore mark since inception of GST and fourth month at a stretch since March 2022. The collection in June’2022 is not only be the second highest but also has broken the trend of being low collection month as observed in the pastTotal number of e-way bills generated in the month of May 2022 was 7.3 crore, which is 2% less than 7.4 crore e-way bills generated in the month of 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 introduction of GST.

The chart below shows trends in monthly gross GST revenues since 2017-18. The table shows the state-wise figures of GST collected in each State during the month of 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%
SOURCE-PIB

 

 

 

 

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