The Ministry of Finance has informed that the gross GST revenue collected in the month of June 2022 is Rs 144,616 crore. Out of which CGST is Rs 25,306 crore, SGST is Rs 32,406 crore, IGST is Rs 75887crore (including Rs 40102crore collected on import of goods) and Cess is Rs 11,018 (including Rs 1197 crore collected on import of goods). It is the second highest collection next to the April 2022 collection of Rs 1,67,540 crore.
Accordingly, Centre has settled Rs 29,588 crore to CGST and Rs 24,235 crore to SGST from IGST. The total revenue of Centre and the States in the month of June 2022 after regular settlement is Rs 68,394 crore for CGST and Rs 70141crore for the SGST. In addition, has also settled Rs 27,000 crore of IGST on ad-hoc basis to States and UTs in this month.
Further, the revenues for the month of June 2022 are 56% higher than the GST revenues in June 2021of Rs 92850 crore. During the month, revenues from import of goods were 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.
The chart below shows trends in monthly gross GST revenues since 2017-18.
Click here for official press release:
Knowledge Source :
Household Items to Become Costlier From 18th July