GST collection in September surpasses Rs 1.4 lakh crore for straight seventh time

For the record seventh time, the country's gross GST revenue collection surpassed 1.4 lakh crore. In the month of September, the government collected Rs 1,47,686 crore gross GST revenue. 

Another milestone crossed in September with more than 1.1 crore e-way bills and e-invoices, combined (72.94 lakh e-invoices and 37.74 lakh e-way bills), generated without any glitch on the GST Portal portal run by NIC on 30th September 2022.  

"The gross GST revenue collected in the month of September 2022 is ₹ 1,47,686 crore of which CGST is ₹ 25,271 crore, SGST is ₹ 31,813 crore, IGST is ₹ 80,464crore (including ₹ 41,215 crore collected on import of goods) and Cess is ₹ 10,137 crore (including ₹ 856 crore collected on import of goods)," said the Ministry of Finance in a statement on Saturday 

 ₹1,47,686 crore gross GST revenue collected in September 2022

 Monthly GST revenues more than ₹1.4 lakh crore for seven months in a row

 Revenues for the month of Sept. 2022 26% higher than the GST revenues in the same month in 2021

https://t.co/CVL2CCYJtI
(1/2) pic.twitter.com/xEitIasRmC

— Ministry of Finance (@FinMinIndia) October 1, 2022

It further informed that the government has settled ₹ 31,880 crore to CGST and ₹ 27,403 crore to SGST from IGST as regular settlement. "The total revenue of Centre and the States after regular settlements in the month of September 2022 is ₹ 57,151 crore for CGST and ₹ 59,216 crore for the SGST," it highlighted. 

This is the eighth month and for seventh months in a row now, that the monthly GST revenues have been more than the ₹ 1.4 lakh crore mark. The growth in GST revenue till September 2022 over the same period last year is 27%, continuing to display very high buoyancy. During the month of August 2022, 7.7 crore e-way bills were generated, which was marginally higher than 7.5 crore in July 2022.