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

Russia-Ukraine war: 353 Ukrainian children killed so far, Ukraine kills 38,300 Russian soldiers

The war between Russia and Ukraine, which started on February 24, has been going on for 5 months,

Kanjhawala Case: 'We are in the process of imposing section 302', police revealed in court in the Kanjhawala case

A hearing on the bail plea of Ashutosh Bhardwaj, accused in Delhi's Kanjhawala hit and drag case,

Scam of 14 thousand crore rupees: If proven guilty in India, how much punishment will be given to Nirav Modi?

The UK High Court has rejected the petition filed against the extradition of PNB fraud case accus

IND vs SA: Virat Kohli was involved in India's victory for the 15th time abroad, equaled Ajinkya Rahane; see list

The Indian team created history by defeating South Africa in Cape Town. With this victory, he dre

Crisis In Pakistan: It is very shameful to beg for a country with nuclear power, Pak PM's statement during economic crisis

Pakistan is currently facing the worst economic crisis. The situation has reached such an extent

The player can be changed between T20 matches: Replacement players will also be able to bowl-batting, and rules will be applicable from Mushtaq Ali Trophy

T20 teams can now be given the option of having 4 extra players so that the playing XI can be cha

Sonam's brother Govind reached Raja Raghuvanshi's house and said- 'I will fight the case against my sister myself'

Sonam Raghuvanshi's brother Govind Raghuvanshi returned and went straight to Raja Raghuvanshi's h

Ayodhya: Ram temple will be protected from all three sides, water, land, and sky, Rs 38 crore will be spent on a security plan

About 38 crore rupees will be spent on the security plan of the temple of Ramlala. The funds have

Sri Lanka Economic Crisis: Bicycle has now become Sahara in Sri Lanka, demand increased due to shortage of oil and expensive price

Sri Lanka is grappling with a historic economic crisis. From food items to fuel, the prices of ev

New Guideline: 'Tobacco consumption means premature death' will now be written on the packet of cigarettes, the government has issued a new guideline

The Central Government has issued new instructions for the packaging of cigarettes and other toba