GST Collections In June Jump 56% YoY To Rs 1.44 Lakh Crore


The collection in June 2022 is the second-highest.  (Photo: ShutterStock)

The assortment in June 2022 is the second-highest. (Photo: ShutterStock)

This is the fifth time the month-to-month GST assortment crossed the Rs 1.40-lakh-crore mark for the reason that inception of GST and the fourth month at a stretch since March 2022

Goods and providers tax (GST) collections in June stood at Rs 1,44,616 crore, pushed by financial restoration and anti-evasion drives similar to motion towards faux billers, in accordance with an official assertion launched on Friday. It is a soar of 56 per cent year-on-year, in contrast with the Rs 92,800 crore recorded within the corresponding month final yr.

This is the fifth time the month-to-month GST assortment crossed the Rs 1.40-lakh-crore mark for the reason that inception of GST and the fourth month at a stretch since March 2022.

“The gross GST income collected within the month of June 2022 is Rs 144,616 crore of which CGST is Rs 25,306 crore, SGST is Rs 32,406 crore, IGST is Rs 75,887 crore (together with Rs 40,102 crore collected on import of products) and cess is Rs 11,018 crore (together with Rs 1,197 crore collected on import of products). The gross GST assortment in June 2022 is the second highest assortment subsequent to the April 2022 assortment of Rs 1,67,540 crore,” the official assertion mentioned.

It added that the gathering in June 2022 shouldn’t be solely be the second-highest but in addition has damaged the pattern of being low assortment month as noticed previously.

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