GST revenue inches higher

The gross GST revenue collected in the month of September 2022 stood at Rs.1,47,686 crore. In a further breakup, CGST stood at Rs. 25,271 crores, and SGST at Rs.31,813 crores. IGST has valued at Rs.80,464 crore (including ₹ 41,215 crores collected on the import of goods). Here the cess is Rs.10,137 crore (including Rs.856 crore collected on import of goods). The total revenue of the Centre and the States after regular settlements in the month of September 2022 is Rs.57,151 crore for CGST and Rs.59,216 crore for SGST. The revenues for the month of September 2022 are 26 per cent higher than the GST revenues in the same month last year. This is the eighth month and for the seventh month in a row now, the monthly GST revenues have been more than Rs.1.4 lakh crores. The growth in GST revenue till September 2022 over the same period last year is 27 per cent. In August 2022, 7.7 crore e-way bills were generated, which was marginally higher than 7.5 crore in July 2022. Notably, the month witnessed the second highest single day collection of Rs.49,453 crore on September 20, 2022, with the second highest number of 8.77 lakh challans filed, next only to Rs. 57,846 crores collected on July 2022 2022 through 9.58 lakh challans, which pertained to end of the year returns. September also saw more than 1.1 crore e-way bills and e-invoices, combined (72.94 lakh e-invoices and 37.74 lakh e-way bills) being generated.