GST mop up rises 28% in August to Rs 1.43 lakh crore
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Collections from Goods and Services Tax (GST) rose 28 per cent to Rs 1.43 lakh crore in August, the Finance Ministry stated on Thursday.
GST assortment has remained over the Rs 1.4-lakh-crore mark for the sixth straight month in August.
“Better reporting coupled with economic recovery has been having a positive impact on the GST revenues on a consistent basis,” the ministry stated in a press release.
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, Integrated 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 stated.
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.
