Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Dynamite News
Dynamite News
National
DN Bureau

Business: GST mop up rises 28 pc in August to Rs 1.43 lakh cr

GST mop up rises 28 pc in Aug to Rs 1.43 lakh cr (File Photo)

New Delhi: Collections from Goods and Services Tax (GST) rose 28 per cent to Rs 1.43 lakh crore in August, the Finance Ministry said on Thursday.

GST collection has remained over the Rs 1.4-lakh-crore mark for the sixth straight month in August.

Also Read: Prices of commercial cylinder slashed by Rs 91.5

"Better reporting coupled with economic recovery has been having a positive impact on the GST revenues on a consistent basis," the ministry said in a statement.

The gross GST revenue collected in August 2022 stood at Rs 1,43,612 crore of which Central GST is Rs 24,710 crore, State GST is Rs 30,951 crore, Integrated GST is Rs 77,782 crore (including Rs 42,067 crore collected on import of goods) and cess is Rs 10,168 crore (including Rs 1,018 crore collected on import of goods), the ministry said.

The revenues for the month of August 2022, registered 28 per cent increase than the GST revenues of Rs 1,12,020 crore collected in August 2021. (PTI)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.