GST Collection: GST collection in May stood at Rs 1.41 lakh crore, 16% less than April

Posted on 1st Jun 2022 05:21 pm by rohit kumar

The figures for GST revenue were presented by the Finance Ministry on Wednesday. According to this, the GST collection of the government during May has been more than Rs 1.41 lakh crore. Which is 44 percent more than the corresponding month of last year. However, it is 16.6 percent less than the previous month.

 

Significantly, this figure was at its highest level last month. In April 2022, the government broke all the records in the GST collection. GST revenue in April hit an all-time high of around Rs 1.68 lakh crore. At the same time, GST revenue in March was Rs 1.42 lakh crore. Whereas in February it was Rs 1.33 lakh crore. Let us inform here that this has happened for the fourth time since the implementation of GST in May 2022, while the GST revenue crossed 1.40 lakh crores.

 

The gross GST revenue for May 2022 is Rs 1,40,885 crore, the ministry said in a statement. This includes CGST Rs 25,036 crore, SGST Rs 32,001 crore, IGST Rs 73,345 crore (including Rs 37,469 crore collected on import of goods) and Cess Rs 10,502 crore (including Rs 931 crore collected on import of goods). The revenue for May 2022 is 44 percent higher than the GST revenue of Rs 97,821 crore in the corresponding month last year.

 

Also Read: Cryptocurrency: Government may take a big decision on cryptocurrency soon, big update regarding the consultation paper

Other news

Flood Update News: Flood situation in many districts of UP-Uttarakhand due to heavy rains, schools closed in Bengaluru today

In many states of the country, these days floods and heavy rain have increased the problems of th

TMKOC: Dayaben's entry is happening in 'Taarak Mehta...', makers' conversation with Disha Vakani begins!

'Taarak Mehta Ka Ooltah Chashmah' is a popular TV serial, which has been entertaining the fans fo

India-China Ties: Chinese envoy Sun Weidong said- India-China relations affect the whole world

Chinese Ambassador to India Sun Weidong said that China-India relations not only have significanc

China's spy ship will not go to Sri Lanka: Yuang Wang 5 was about to reach Hambantota on August 11, India had expressed a strong objection

China's spy ship will no longer reach Hambantota Port in Sri Lanka on August 11. On Monday, the S

Coronavirus: First death due to corona in Delhi; More than 2500 active cases across the country, seven people died.

There is an increase in corona cases across the country. According to the Ministry of Health, the

Rinku Singh Engagement: SP MP Priya Saroj became very emotional during the ring ceremony with Rinku Singh, tears of joy flowed.

The engagement ceremony of Indian cricketer Rinku Singh and MP Priya Saroj was completed on Sunda

Elvish Yadav: Want one crore, otherwise... extortion demanded from 'Bigg Boss OTT 2' winner Elvish, accused arrested

A case of 'Bigg Boss OTT 2' winner Elvish Yadav receiving threats has come to light. Extortion ha

Special bodyguards accompany on foreign tours to collect excreta of Vladimir Putin: Report

When Russian President Vladimir Putin goes on a foreign tour, he is accompanied by special bodygu

Indonesia Earthquake: 5.6 magnitude earthquake in Jakarta, 20 killed, more than 300 injured

A 5.6 magnitude earthquake occurred in Jakarta, Indonesia. During this, 20 people lost their live

The sensational incident in Bihar: All members of the debt-ridden family ate poison near the tomb; the death of five

Five people from a family of a locality died after consuming poison at New Area Garh located in N