Meghalaya continues to see an increase in the collection of GST revenues on a year-on-year basis.
As per the latest data provided by the Union Finance Ministry, the GST collection in Meghalaya in September this year was Rs 161 crore.
This is an increase of 35 per cent from the collection made by the State in September 2021 which was only Rs 120 crore.
Meanwhile, the gross GST revenue collected across the country in September 2022 is Rs 1,47,686 crore of which CGST is Rs 25,271 crore, SGST is Rs 31,813 crore, IGST is Rs 80,464 crore (including Rs 41,215 crore collected on import of goods) and Cess is Rs 10,137 crore (including Rs 856 crore collected on import of goods).
The Central government has settled Rs 31,880 crore to CGST and Rs 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 Rs 57,151 crore for CGST and Rs 59,216 crore for the SGST.
The revenues for the month of September 2022 are 26 per cent higher than the GST revenues in the same month last year. During the month, revenues from import of goods were 39 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.
This is the eighth month and for the seventh month in a row now, that the monthly GST revenues have been more than the Rs 1.4 lakh crore mark.
The growth in GST revenue till September 2022 over the same period last year is 27 per cent continuing to display very high buoyancy.