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

Parliament Security Breach: Police reached the house of the mastermind of the Parliament ruckus, mother said - Lalit's marriage was fixed.

Darbhanga's Bahera police station once again reached the house of Lalit Jha, accused in the Parli

Waves 2025: Shahrukh Khan impressed by PM Modi's initiative, praised it on social media

Bollywood King Shah Rukh Khan was seen supporting Prime Minister Narendra Modi's vision for the m

Income Tax: Benefit of up to Rs 17500 in the new tax system, these big changes from standard deduction to slab

The full Union Budget for the financial year 2024-25 was presented in the Lok Sabha on Tuesday. F

'I will go to Tihar again...', Kejriwal's emotional message two days before going to jail; gave this responsibility to the people of Delhi

Delhi Chief Minister Arvind Kejriwal will go to Tihar Jail on June 2. Before this, on Friday, he

Ayodhya Ram Mandir: 3.5 to 4 lakh devotees are visiting the temple daily, the number of donation counters increased from 6 to 32

Due to Prayagraj Maha Kumbh, the number of devotees in Ram Mandir has increased three times. Sinc

Rozgar Mela: On November 22, PM Modi will give 71,000 appointment letters, confirming jobs will be available in many departments of the Center

On Tuesday, appointment letters for confirmed jobs will be issued to 71,000 youths simultaneously

IND vs AUS Final: Hotel prices are skyrocketing in Ahmedabad, and fares cross one lakh; Don't even ask about the flight rates.

Australia defeated South Africa on Thursday to reach the final of the ODI World Cup 2023. Now on

Kanguva: After trolling, the makers of Surya's 'Kanguva' will work on sound mixing again! Update on the sequel

The period fantasy film Kanguva starring Surya in the lead hit the theatres on November 14, 2024.

Makers made strict rules after photos leaked from the set of Ramayana, tension among the star cast may increase

After Ranbir Kapoor's Animal, fans are eagerly waiting for his next film 'Ramayana'.&nb

IPL 2024: 'You can't say yes to all teams'! Sunil Gavaskar has made a big prediction about CSK before IPL 17.

Sunil Gavaskar's prediction for CSK ahead of IPL 2024: The excitement for Indian Premier League (