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Rs. 1,44,616 Crore Gross GST Revenue Collection for June 2022; increase of 56% year-on-year

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The gross GST revenue collected in the month of June 2022 is Rs.144,616 crore of which CGST is Rs.25,306 crore, SGST is Rs.32,406 crore, IGST is Rs.75887 crore (including Rs.40102 crore collected on import of goods) and cess is Rs.11,018 crore (including Rs. 1197 crore collected on import of goods). The gross GST collection in June 2022 is the second highest collection next to the April 2022 collection of Rs.1,67,540 crore.

The revenues for the month of June 2022 are 56% higher than the GST revenues in the same month last year of Rs.92,800 crore. During the month, revenues from import of goods was 55% higher and the revenues from domestic transaction (including import of services) are 56% higher than the revenues from these sources during the same month last year.

This is the fifth time the monthly GST collection crossed Rs.1.40 lakh crore mark since inception of GST and fourth month at a stretch since March 2022. The collection in June’2022 is not only be the second highest but also has broken the trend of being low collection month as observed in the past. Total number of e-way bills generated in the month of May 2022 was 7.3 crore, which is 2% less than 7.4 crore e-way bills generated in the month of April 2022.