State reports 17 pc higher GST revenue
Source: Chronicle News Service / PIB
New Delhi, October 02 2022:
The gross GST revenue collected in the month of September 2022 is Rs 1,47,686 crore of which CGST is Rs 25,271 crore, SGST is Rs 31,813 crore, IGST is Rs 80,464crore (including Rs 41,215 crore collected on import of goods) and Cess is Rs 10,137 crore (including Rs 856 crore collected on import of goods) .
The government has settled Rs 31,880 crore to CGST and Rs 27,403 crore to SGST from IGST as regular settlement.
The total revenue of Centre and the States after regular settlements in the month of September 2022 is Rs 57,151 crore for CGST and Rs 59,216 crore for the SGST.
The revenues for the month of September 2022 are 26 per cent higher than the GST revenues in the same month last year.
During the month, revenues from import of goods were 39 per cent higher and the revenues from domestic transaction (including import of services) 22 per cent higher than the revenues from these sources during the same month last year.
Manipur reported 17 per cent higher GST revenue by collecting Rs 38 crore in September 2022 as compared with Rs 33 crore in September 2021 .
Growth in GST collection of other northeast states is Arunachal Pradesh (16 per cent), Sikkim (9 per cent), Nagaland (61 per cent), Mizoram (22 per cent), Meghalaya (35 per cent), Assam 20 per cent) and Tripura (29 per cent).
Mention may be made that Manipur witnessed 22 per cent downfall in GST revenue last month by collecting Rs 35 crore only in August 2022 as compared with Rs 45 crore in August 2021 .
This is the eighth month and for seven months in a row now, that the monthly GST revenues have crossed Rs 1.4 lakh crore plus mark.
The growth in GST revenue till September 2022 over the same period last year is 27 per cent, continuing to display very high buoyancy.
During the month of August 2022, 7.7 crore e-way bills were generated, which was marginally higher than 7.5 crore in July 2022 .