Monday, August 15, 2022

GST Collection: More than Rs 1.44 lakh crore GST collection in June, 2022

Data on GST Collection: In the month of June, GST was collected to the tune of Rs. 1,44,616 billion. The GST collection in April 2022 was Rs 1,67,540 crore; this June’s amount is the second-highest after that. The amount of GST collected has increased by 56% since June of the previous year (2021). CGST and SGST each made up 25,306 and 32,406 crores of the total collection, respectively. IGST receipts totaled Rs. 75,887 billion, of which Rs. 40,102 billion came from imported items. Cess revenue totaled Rs 11,018 crores.

Gst Collection-01-Newsstore24After regular and Adhoc settlement, the central and state governments received a total of Rs. 68,394 crore for the CGST and Rs. 70,141 crore for the SGST in the month of June. In June of last year, there were 92,800 crores of rupees collected as GST. 6 June 2022 saw a 56 percent collection. The monthly GST collection amount has crossed Rs 1.40 lakh crore for the seventh time since the GST tax system was implemented in the nation on July 1, 2017. Additionally, the collection has exceeded Rs 1.40 lakh for the fourth straight month, which dates back to March of this year.

Gst Collection-Newsstore24

In comparison to the first quarter of 2021–2022, which had an average GST collection of Rs. 1.10 lakh crores, the first quarter of 2022–2023 saw an average GST collection of Rs. 1.51 lakh crores. In other words, compared to the first quarter of the previous financial year, the GST collection grew by 37% in the first quarter of the current financial year. In fact, the surge in economic activity and measures implemented to combat GST evasion—particularly actions against those who create phoney bills—have improved GST collection.

Read More: These are the most affordable 7-seater automobiles in India. Cheapest 7 Seater Cars: Budget Fit, Family Hit

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GST Collection: More than Rs 1.44 lakh crore GST collection in June, 2022

Data on GST Collection: In the month of June, GST was collected to the tune of Rs. 1,44,616 billion. The GST collection in April 2022 was Rs 1,67,540 crore; this June’s amount is the second-highest after that. The amount of GST collected has increased by 56% since June of the previous year (2021). CGST and SGST each made up 25,306 and 32,406 crores of the total collection, respectively. IGST receipts totaled Rs. 75,887 billion, of which Rs. 40,102 billion came from imported items. Cess revenue totaled Rs 11,018 crores.

Gst Collection-01-Newsstore24After regular and Adhoc settlement, the central and state governments received a total of Rs. 68,394 crore for the CGST and Rs. 70,141 crore for the SGST in the month of June. In June of last year, there were 92,800 crores of rupees collected as GST. 6 June 2022 saw a 56 percent collection. The monthly GST collection amount has crossed Rs 1.40 lakh crore for the seventh time since the GST tax system was implemented in the nation on July 1, 2017. Additionally, the collection has exceeded Rs 1.40 lakh for the fourth straight month, which dates back to March of this year.

Gst Collection-Newsstore24

In comparison to the first quarter of 2021–2022, which had an average GST collection of Rs. 1.10 lakh crores, the first quarter of 2022–2023 saw an average GST collection of Rs. 1.51 lakh crores. In other words, compared to the first quarter of the previous financial year, the GST collection grew by 37% in the first quarter of the current financial year. In fact, the surge in economic activity and measures implemented to combat GST evasion—particularly actions against those who create phoney bills—have improved GST collection.

Read More: These are the most affordable 7-seater automobiles in India. Cheapest 7 Seater Cars: Budget Fit, Family Hit

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                  Click Here
🔥 Facebook Page                  Click Here
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🔥 Telegram Channel                   Click Here
🔥 Google News                  Click Here
🔥 Twitter                  Click Here

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Most Popular

spot_img

Latest

GST Update: Finance Minister announced, from 18th, many things including curd, lassi will be expensive; See full list here

ETA for GST Council Meeting: After the GST Council meeting, Finance Minister Nirmala Sitharaman made a number of significant announcements. Under this, many items...

GST Council Meet: What happened after the GST Council meeting, what was cheap and what was expensive, see the complete list here

GST Council Meet: In the two-day meeting of the GST Council in Chandigarh, the tax rates on many things have been changed. Due to...

GST Council Meeting: Shock of inflation! Branded paneer and curd will be expensive, this service of the bank will be taxed

GST Council Meeting: After following several suggestions of the finance ministers of the states, it has now been decided to impose GST on packaged...

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