What is the GST collection in April 2021?
Gross GST collection in April, which includes revenue of Centre and states, is at an all-time high and Rs 25,000 crore more than the previous high of Rs 1.42 lakh crore collected in March. In April last year, GST collections stood at Rs 1.40 lakh crore.02-May-2022
The total revenue of Centre and the States in the month of April 2022 after regular settlement is Rs 66,582 crore for CGST and Rs 68,755 crore for the SGST. The revenues for the month of April 2022 are 20% higher than the GST revenues in the same month last year.
How much did GST Get in July 2021?
Rs 1.49 lakh crore
GST collections in May 2021 had stood at Rs 97,821 crore. Point to note: GST collections have crossed Rs 1.4 lakh crore for a third consecutive month since March 2022. Moreover, this is only the fourth time since inception that the monthly GST collection has crossed Rs 1.4 lakh crore.02-Jun-2022
Will GST collection be ₹ 1.44 lakh crore or more for April?
The gross GST collection in June 2022 is the second highest collection till now. India reported GST collections of Rs 1.68 lakh crore in April this year which is the highest till date. Since its inception, GST collection has surpassed 1.40 lakh crore for the 5th time and for the 4th time at a stretch since March 2022.01-Jul-2022
The gross GST collection in April 2022 is all time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month. The government has settled Rs 33,423 crore to CGST and Rs 26962 crore to SGST from IGST.01-May-2022
Has GST increase tax collection?
GST collections grew from around 7.2 trillion rupees, or $90 billion, in the fiscal year 2017-2018 to 14.8 trillion rupees in the fiscal year ending March 2022, government statistics show. Even though revenue collection from GST is higher in absolute terms, some question if the growth in collections will endure.24-Jul-2022
High inflation rate, buoyancy in consumption patterns triggered by the economic recovery, alongside greater enforcement actions against anti-evasion activities have contributed to the rise in GST collections.01-Aug-2022
Which state is highest tax payer in India?
Maharashtra
According to data released by the finance ministry on Sunday, Arunachal collected a sum of Rs 196 crore as Goods and Services Tax (GST) revenue in April this year compared to Rs 103 crore in April 2021.03-May-2022
What is GST revenue?
India's gross revenues from the Goods and Services Tax (GST) were ₹1,43,612 crore in August, 28% higher than a year ago. Revenues from import of goods soared 57% during the month while domestic transactions and import of services yielded 19% higher taxes than in August 2021.3 days ago
Central GST collections in June were ₹25,306 crore, State GST at ₹32,406 crore, while Integrated GST accounted for ₹75,887 crore, including ₹40,102 crore collected on import of goods. GST revenues had hit a high of ₹1,67,540 crore in April this year, before dropping to about ₹1.41 lakh crore in May.01-Jul-2022
In which month of 2022 did the GST revenues crossed the Rs 1.40 lakh crore mark for the first time since inception?
Prior to this, GST collections had recorded the highest-ever level of Rs 1.68 lakh crore in April 2022 for year-end sales in March. This is the sixth time that monthly GST collections have crossed the Rs 1.40 lakh crore mark since its inception, and the fifth month in a row since March this year.01-Aug-2022
The gross GST revenue collected in the month of May 2022 is ₹1,40,885 crore of which CGST is ₹25,036 crore, SGST is ₹32,001 crore, IGST is ₹73,345 crore (including ₹ 37469 crore collected on import of goods) and cess is ₹10,502 crore (including ₹931 crore collected on import of goods).01-Jun-2022
What will be GST collection for June?
June GST Collection: GST collection surges by 56% YoY to Rs 1,44,616 crore in June - The Economic Times.01-Jul-2022
The average monthly gross GST collection for the first quarter of the FY 2022-23 has been ₹1.51 lakh crore against the average monthly collection of ₹1.10 lakh crore in the first quarter of the last Financial year showing an increase of 37%.01-Jul-2022
How much is GST this month?
$467 if you are single. $612 if you are married or have a common-law partner. $161 for each child under the age of 19.02-Jun-2022
The GST has failed on two major counts. It has only widened the rift between the Centre and the states and it has failed to achieve the 'correct' tax rates. Despite the pick-up in GST collections recently, the government and the GST Council believe the current tax rates are much below the desired levels.27-Jun-2022
Which state has highest GST collection?
Maharashtra
The Government of India has released the entire amount of GST compensation payable to States up to 31st May, 2022 by releasing an amount of Rs. 86,912 crores.Centre Clears Entire GST Compensation Due Till Date (31ST MAY, 2022)
When was GST introduced India?
GST – The Game Changer The genesis of the introduction of GST in the country was laid down in the historic Budget Speech of 28th February 2006, wherein the then Finance Minister laid down 1st April, 2010 as the date for the introduction of GST in the country.
What is the GST collection in April 2021?