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TMI Blog₹1,40,885 crore gross GST Revenue collection for May 2022; increase of 44% year-on-yearX X X X Extracts X X X X X X X X Extracts X X X X ..... ₹1,40,885 crore gross GST Revenue collection for May 2022; increase of 44% year-on-year - Goods and Services Tax - GST Dated:- 1-6-2022 - News - ₹1,40,885 crore gross GST Revenue collection for May 2022; increase of 44% year-on-year GST collection crosses ₹1.40 lakh crore mark 4th time since inception of GST; 3rd month at a stretch since March 2022 The gross GST revenue collected in the month of May 2022 is ₹ 1,40,885 crore of which CGST is ₹ 25,036 crore, SGST is ₹ 32,001 crore, IGST is ₹ 73,345 crore (including ₹ 37469 crore collected on import of goods) and cess is ₹ 10,502 crore (including ₹ 931 crore collected on import of goods). The government ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s settled ₹ 27,924 crore to CGST and ₹ 23,123 crore to SGST from IGST. The total revenue of Centre and the States in the month of May 2022 after regular settlement is ₹52,960 crore for CGST and ₹55,124 crore for the SGST. In addition, Centre has also released GST compensation of ₹ 86912 crores to States and UTs on 31.05.2022. The revenues for the month of May 2022 are 44% higher than the GST revenues in the same month last year of ₹97,821 crore. During the month, revenues from import of goods was 43% higher and the revenues from domestic transaction (including import of services) are 44% higher than the revenues from these sources during the same month last year. This is only the fourth time the m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onthly GST collection crossed ₹1.40 lakh crore mark since inception of GST and third month at a stretch since March 2022. The collection in the month of May, which pertains to the returns for April, the first month of the financial year, has always been lesser than that in April, which pertains to the returns for March, the closing of the financial year. However, it is encouraging to see that even in the month of May 2022, the gross GST revenues have crossed the ₹1.40 lakh crore mark . Total number of e-way bills generated in the month of April 2022 was 7.4 crore, which is 4% lesser than 7.7 crore e-way bills generated in the month of March 2022. The chart below shows trends in monthly gross GST revenues during the current y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ear. The table shows the state-wise figures of GST collected in each State during the month of May 2022 as compared to May 2021. State-wise growth of GST Revenues during May 2022 1 State May-21 May-22 Growth Jammu and Kashmir 232 372 60% Himachal Pradesh 540 741 37% Punjab 1,266 1,833 45% Chandigarh 130 167 29% Uttarakhand 893 1,309 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 46% Haryana 4,663 6,663 43% Delhi 2,771 4,113 48% Rajasthan 2,464 3,789 54% Uttar Pradesh 4,710 6,670 42% Bihar 849 1,178 39% Sikkim 250 279 12% Arunachal Pradesh 36 82 124% Nagaland 29 49 67% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Manipur 22 47 120% Mizoram 15 25 70% Tripura 39 65 67% Meghalaya 124 174 40% Assam 770 1,062 38% West Bengal 3,590 4,896 36% Jharkhand 2,013 2,468 23% Odisha 3,197 3,956 24% Chattisgarh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2,026 2,627 30% Madhya Pradesh 1,928 2,746 42% Gujarat 6,382 9,321 46% Daman and Diu 0 0 153% Dadra and Nagar Haveli 228 300 31% Maharashtra 13,565 20,313 50% Karnataka 5,754 9,232 60% Goa 229 461 101% Laksh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... adweep 0 1 148% Kerala 1,147 2,064 80% Tamil Nadu 5,592 7,910 41% Puducherry 123 181 47% Andaman and Nicobar Islands 48 24 -50% Telangana 2,984 3,982 33% Andhra Pradesh 2,074 3,047 47% Ladakh 5 12 134% Othe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Territory 121 185 52% Center Jurisdiction 141 140 0% Grand Total 70,951 1,02,485 44% 1 Does not include GST on import of goods - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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