GST collections in August at ₹1.44 lakh crore, up 28% YoY

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New Delhi (01/09/2022): The gross GST revenue collected in the month of August 2022 is ₹ 1,43,612 crore of which CGST is ₹ 24,710 crore, SGST is ₹ 30,951 crore, IGST is ₹ 77,782 crore (including ₹ 42,067 crore collected on import of goods) and cess is ₹ 10,168 crore (including ₹ 1,018 crore collected on import of goods).

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 crore 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 crore. 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.

 

 

State-wise growth of GST Revenues during August 2022

State Aug-21 Aug-22 Growth
Jammu and Kashmir 392 434 11%
Himachal Pradesh 704 709 1%
Punjab 1,414 1,651 17%
Chandigarh 144 179 24%
Uttarakhand 1,089 1,094 0%
Haryana 5,618 6,772 21%
Delhi 3,605 4,349 21%
Rajasthan 3,049 3,341 10%
Uttar Pradesh 5,946 6,781 14%
Bihar 1,037 1,271 23%
Sikkim 219 247 13%
Arunachal Pradesh 53 59 11%
Nagaland 32 38 18%
Manipur 45 35 -22%
Mizoram 16 28 78%
Tripura 56 56 0%
Meghalaya 119 147 23%
Assam 959 1,055 10%
West Bengal 3,678 4,600 25%
Jharkhand 2,166 2,595 20%
Odisha 3,317 3,884 17%
Chhattisgarh 2,391 2,442 2%
Madhya Pradesh 2,438 2,814 15%
Gujarat 7,556 8,684 15%
Daman and Diu 1 1 4%
Dadra and Nagar Haveli 254 310 22%
Maharashtra 15,175 18,863 24%
Karnataka 7,429 9,583 29%
Goa 285 376 32%
Lakshadweep 1 0 -73%
Kerala 1,612 2,036 26%
Tamil Nadu 7,060 8,386 19%
Puducherry 156 200 28%
Andaman and Nicobar Islands 20 16 -21%
Telangana 3,526 3,871 10%
Andhra Pradesh 2,591 3,173 22%
Ladakh 14 19 34%
Other Territory 109 224 106%
Center Jurisdiction 214 205 -4%
Grand Total 84,490 1,00,526 19%

 

1]Does not include GST on import of goods

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