State reports 23 pc dip in GST revenue
Source: Chronicle News Service / PIB

New Delhi/Imphal, November 01 2022: The gross GST revenue collected in the month of October 2022 was Rs 1,51,718 crore of which CGST was Rs 26,039 crore, SGST Rs 33,396 crore, IGST Rs 81,778 crore (including Rs 37,297 crore collected on import of goods) and Cess was Rs 10,505 crore (including Rs 825 crore collected on import of goods), which is second highest till date.

The government has settled Rs 37,626 crore to CGST and Rs 32,883 crore to SGST from IGST as regular settlement.

In addition, the Centre has also settled Rs 22,000 crore on ad-hoc basis in the ratio of 50:50 between Centre and States.

The total revenue of Centre and the States after regular as well as adhoc settlements in the month of October 2022 was Rs74,665 crore for CGST and Rs 77,279 crore for the SGST.

The revenue for October 2022 was the second highest monthly collection, next only to the collection in April 2022 and it is for the second time the gross GST collection has crossed the Rs 1.50 lakh crore mark.

October also saw the second highest collection from domestic transactions, next only to April 2022 .

In case of Manipur, there is 23 per cent decline in GST revenue by collecting Rs 64 crore in October 2022 as compared with Rs 50 crore in October 2021.Growth in GST collection of other northeast states are Arunachal Pradesh (39 per cent), Sikkim (3 per cent), Nagaland (13 per cent), Mizoram -23 per cent), Meghalaya (17 per cent), Assam (-13 per cent) and Tripura (14 per cent).

Mention may be made here that Manipur reported 17 per cent higher GST revenue by collecting Rs 38 crore in September 2022 as compared to Rs 33 crore in September 2021.This is the ninth month and for eight months in a row now, that the monthly GST revenues have been more than the Rs 1.4 lakh crore mark.

During the month of September 2022, 8.3 crore e-way bills were generated, which was significantly higher than 7.7 crore e-way bills generated in August 2022 .

Comment