Saturday, January 28, 2023
HomeBusinessGST Collection: Rs 1.49 lakh crore GST collection in July 2022 due...

GST Collection: Rs 1.49 lakh crore GST collection in July 2022 due to spurt in economic activity

GST Collection Data: The GST collection in July, 2022 has been Rs 1,48,995 crore, which is the second highest ever. Whereas in the month of June, the GST collection was Rs 1,44,616 crore. In April 2022, the GST collection was Rs 1,67,540 crore, after that July has seen the highest GST collection. There has been a jump of 28 percent in GST collection in July 2022 as compared to July 2021 last year. In July last year, the GST collection was Rs 1,16,393 crore.

According to the Finance Minister, out of the GST collection of Rs 1,48,995 crore in July, 2022, CGST is Rs 25,751 crore, SGST Rs 32,807 crore, IGST collection of Rs 79,618 crore has been collected in which Rs 41,420 crore has been collected from the import of goods. And the share of cess collection has been Rs 10,920 crore. This is the second highest figure of GST collection after the implementation of GST on 1st July 2017. And this is the fifth consecutive month when the GST collection has been more than Rs 1.4 lakh crore. There is a jump in the GST collection every month.

According to the Finance Ministry, the GST revenue is 35 percent more than last year in July 2021. Also, due to the steps taken by the GST Council, better compliance is being seen. Along with better reporting, a positive impact of economic recovery is being seen on the GST collection. Steps taken to check GST evasion, especially action against those making fake bills, have increased the GST collection.

Download Link

MOBILE

The country’s cheapest 5G phone with 108MP camera is available for just Rs 1349! Only through this offer

The country’s cheapest 5G phone with 108MP camera is available for...

If you are thinking of buying a 5G phone, then we have brought you the best option available in the market. Yes, Infinix Note...
- Advertisment -

Auto

Two Wheeler

Digit News

Jobs