The government’s goods and service tax collection was the second-highest since rollout, aided by better filings, coupled with economic recovery.
GST revenue for June, collected in July, stood at Rs 1,48,995 crore, according to a statement by the finance ministry. That is a 28% increase year-on-year. The collections remained above Rs 1.4 lakh crore for the fifth straight month.
During the month, revenue from import of goods was 48% higher and the revenue from domestic transaction (including import of services) were 22% higher over the year earlier. In June, 7.45 crore e-way bills were generated compared with 7.36 crore in May.
“Growth in GST revenue till July 2022 over the same period last year is 35% and displays a very high buoyancy. This is a clear impact of various measures taken by the council in the past to ensure better compliance,” the statement said.
Break-Up Of GST Collection
Central GST: Rs 25,751 crore.
State GST: Rs 32,807 crore.
Integrated GST: Rs 79,518 crore, including Rs 41,420 crore collected on imports.
Cess: Rs 10,920 crore, including Rs 995 crore from imports.