InvestorQ : How were GST collections for the month of August 2022?
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How were GST collections for the month of August 2022?

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1 month ago
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GST collections for August 2022 was sharply higher by 28% on a yoy basis at Rs1.43 trillion. Incidentally, this marks the sixth month in a row that GST collections have stayed above the Rs1.40 trillion. The surge in GST collections was driven by factors like better compliance, revival in consumption and higher levels of inflation.

However, the GST collections were marginally lower on sequential basis compared to the month of July 2022. Out of the total GST collections, Rs24,710 crore was in the form of central GST, Rs30,951 crore was in the form of state GST and Rs77,782 crore was by way of integrated GST (IGST). The IGST also included Rs42,067 crore collected on import of goods.

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