New Delhi: Gross GST revenue collected in July 2022 was 1,48,995 crore of which CGST was 25,751 crore, SGST was 32,807 crore, IGST was 79,518 crore (including 41,420 crore collected for import of goods) and cess was 10,920 crore ( including 995 crore collected from imports of goods). This is the second highest revenue since the introduction of GST.
The government has paid 32,365 crore to CGST and 26,774 crore to SGST from IGST. The total revenue of the Center and the State in July 2022 after regular settlement was 58,116 crore for CGST and 59,581 crore for SGST.
Revenue for July 2022 was 28% higher than GST revenue in the same month last year of 1,16,393 crore. During the month, revenues from imports of goods increased 48% and revenues from domestic transactions (including imports of services) were 22% higher than revenues from these sources in the same month last year.
For five consecutive months now, monthly GST revenue has been more than 1.4 lakh core, showing a steady increase every month. GST revenue growth until July 2022 compared to the same period last year was 35% and shows very high buoyancy. This is a clear result of various actions taken by the Board in the past to ensure better compliance. Better reporting coupled with the economic recovery has had a consistently positive impact on GST earnings. During June 2022, 7.45 crore e-way bills were generated, which is slightly higher than 7.36 crore in May 2022.
The chart below shows trends in monthly gross GST earnings over the current year. The table shows state-by-state GST figures collected in each State during July 2022 compared to July 2021.
GST Revenue Growth by state side during July 2022
|Country||July 21||July 22||Growth|
|Jammu and Kashmir||432||431||0%|
|Daman and Diu||-66%|
|Dadra and Nagar Haveli||227||313||38%|
|Andaman and Nicobar Islands||19||23||26%|
|The final result||87,678||1,06,580||22%|
Does not include GST on imported goods