Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
August 1, 2022

Centre Collects Rs 1,48,995 Cr GST Revenue

Urvi Srivastava Financial Reporting

The ministry said that out of Rs 1,48,995, the central GST is Rs 25,751 crore, state GST is Rs 32,807 crore and integrated GST is Rs 79,518 crore

The Ministry of Finance on Monday said that it has collected a gross goods and services tax (GST) revenue of Rs 1,48,995 crore in July 2022 which is the second highest revenue since the introduction of GST.

The ministry said that out of Rs 1,48,995, the central GST is Rs 25,751 crore, state GST is Rs 32,807 crore and integrated GST is Rs 79,518 crore. 

The integrated GST includes Rs 41,420 crore collected on import of goods) and cess is Rs 10,920 crore (including Rs 995 crore collected on import of goods), it said. 

The government has settled Rs 32,365 crore to CGST and Rs 26,774 crore to SGST from IGST. The total revenue of the centre and the States in the month of July 2022 after the regular settlement is Rs 58,116 crore for CGST and Rs 59,581 crore for the SGST.

“The revenues for the month of July 2022 are 28 per cent higher than the GST revenues in the same month last year of Rs 1,16,393 crore,” the ministry informed. 

During the month, revenues from import of goods were 48 per cent higher and the revenues from domestic transactions (including import of services) are 22 per cent higher than the revenues from these sources during the same month last year.

For five months in a row now, the monthly GST revenues have been more than Rs 1.4 lakh crore, showing a steady increase every month. 

The growth in GST revenue till July 2022 over the same period last year is 35 per cent and displays a very high buoyancy. 

Urvi Shrivastav

→ Urvi Shrivastav

Pet Care Industry Grows After Pandemic; Attracts FMCG Companies BharatPe Co-founder Bhavik Koladiya Resigns

Related Posts

Financial Reporting

Twitter Plan To Fight Midterm Misinformation Falls Short, Say Voting Rights Experts

20220811_141730

Financial Reporting

Bumble Cuts Annual Revenue Forecast As Ukraine War, Competition Bite

Financial Reporting

Equity Mutual Funds Inflow Drops 43% In July

Archives

  • August 2022
  • July 2022
  • June 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Movements

  • adobe danDan Durn Appointed As Adobe’s New Chief Financial Officer
  • Vineet Mahajan_Vineet Mahajan Appointed As New CFO Of Avanse Financial Services On Sept 27
  • bharat pet director financeVetsa Ramakrishna Gupta To Lead Bharat Petroleum As Director Finance
  • tender cuts cfoTenderCuts Names Satya Rakesh as New CFO
  • dailmer CFOManish Thakore Helms Daimler India Commercial Vehicles as CFO

Selected Stories

  • Zerodha Faces Snag In Early Trade, Issue Resolved

    Read more

  • 20211201_100953Department Of Telecom Extends Spectrum Payment Date To August 17

    Read more

  • 20220812_102211Southern Petrochemicals Reports Q1 PAT At Rs 66.85 Cr

    Read more

  • Twitter Plan To Fight Midterm Misinformation Falls Short, Say Voting Rights Experts

    Read more

  • rupeeRupee Opens Tad Lower; Retail Inflation Data, Flows Eyed

    Read more

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.