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

'This is an insult to the martyrs of Galwan', BJP furious after Sam Pitroda's statement on China.

Indian Overseas Congress chief Sam Pitroda has stated the LAC border dispute. BJP has now surroun

Chandrayaan-3: America supported the Chandrayaan-3 mission, and Europe-Australia agencies also got support

The Indian Space Research Organization (ISRO) launched India's third lunar mission 'Chandrayaan-3

MCD Election Result: Kejriwal's head decorated with a crown of thorns, big responsibility to beautify Delhi

The Aam Aadmi Party seems to be getting a clear majority in the Delhi Municipal Corporation elect

Delhi: Heavy ruckus, local people and police clash over the removal of the railing of a temple in Mandawali area

There was a ruckus in East Delhi's Mandawali area over the removal of the alleged illegal railing

Russian-Indian Cooperation: PM Modi-Putin to discuss cooperation between Russia and India at SCO summit

Prime Minister Narendra Modi will be in Uzbekistan on September 15 and 16 to attend the Shanghai

Kedarnath Darshan complete, Modi reached Badrinath: PM will stay in Vishnu's Dham tonight, 20 minutes worship of Bholenath in Kedarnath

Prime Minister Narendra Modi reached Badrinath after about 3 hours of darshan of Baba Bholenath i

UP Board: The negligence of the principals will be heavy on the initiative to bring the results to the examinees.

The negligence of the principals will be heavy on the initiative of the UP Board to deliver the r

Hockey players clashed in Commonwealth Games: Angered by a stick, one player grabbed another's throat, and pulled T-shirt; The referee kicked off the field

The men's hockey match was played between England and Canada at the Commonwealth Games on Thursda

NEET-UG Row 2024: The Supreme Court will hear the NEET exam case on July 8, several petitions are being filed; the matter is heating up

The Supreme Court will hear the petitions related to the controversial National Eligibility cum E

Tanvi The Great: Will the Delhi government show the film 'Tanvi The Great' to children? CM said this

Actor and director Anupam Kher's film 'Tanvi the Great' is in the headlines these days. Recently,