Meghalaya continues to see a jump in GST revenue collections on a year-on-year basis.
As per the figures released by the Finance Ministry today, the GST revenue collection in August this year was Rs 147 crore which is a growth of 23 per cent compared to the collection in August last year which was Rs 119 crore.
Overall, the gross GST revenue collections in August this year in the entire country stood at Rs 1,43,612 crore. The GST collections in August 2021 were Rs 1,12,020 crore.
Out of the total collections, CGST was Rs 24,710 crore, SGST was Rs 30,951 crore, IGST was Rs 77,782 crore (including Rs 42,067 crore collected on import of goods), while the cess stood at Rs 10,168 crore (including Rs 1,018 crore collected on import of goods).
“For six months in a row now, the monthly GST revenues have been more than the Rs 1.4 lakh crore mark. The growth in GST revenue till August 2022 over the same period last year is 33 per cent, continuing to display very high buoyancy. This is a clear impact of various measures taken by the GST Council in the past to ensure better compliance. Better reporting coupled with economic recovery has been having a positive impact on the GST revenues on a consistent basis,” the Finance Ministry said in a statement.
