1,12,020 crore of which CGST is Rs. The council is expected to approve a two-year extension of compensation cess levy on goods and services to allow the Centre to pay the entire shortfall in GST tax collection by states. 2. The chart below shows trends in monthly gross GST revenues during the current year. The revenues for the month of October 2021 are 24% higher than the GST revenues in the same month last year and 36% over 2019-20. 2022 SKU: BS09856 Categories: Class 10th - ICSE Textbooks/Guides/Paper Sets , ICSE and ISC Books For E-Books purchased from Wonderslate.com Visit Website for E-Book For E-Books purchased from Amazon Download Kindle App for Mobile & Computer Email on [email protected] if e-book is not found. The mop-up in September last year was Rs 1.17 lakh crore. Official revenue figures will be released on October 1. Punjab . the state-wise figures of GST collected in each State during the month of Febru ary 2022 as compared to. The GST collections in April hit an all-time high of Rs 1,67,540 crore on the back of better compliance and faster economic recovery. The total GST Collection August 2022 is recorded at Rs.1,43,612 crores. 519. It is Rs 25,000 crore more than the previous highest collection of Rs 1,42,095 crore recorded in March, the finance ministry said in a statement on Sunday. Moreover, the State-wise GST Collections during March 2020 January 2, 2020 0 Comments. Gross GST collection in June 2022 is the second highest collection next to the April 2022 collection GST collection crosses 1.40 lakh crore mark 5th time since inception of GST; . State wise GST collection 2021 22Indian economy #gst #india #economy-----Music- . October 12 2022. In the table, a state-wise figure of the GST incurred in every state in August 2022 with respect to August 2021 is represented. The table shows the state-wise figures of GST collected in each State during the month of July 2022 as compared to July 2021. Mumbai : Goods and Services Tax (GST) collection in August rose 28 per cent to Rs 1.43 lakh crore, with monthly GST revenue remaining more than Rs 1.4 lakh crore for six months in a row, the Finance Ministry said. The ministry further said that total number of GSTR-3B returns filed . PIB Delhi released a Press Release on 1st August 2021 stating the GST Revenue collection for July 2021. State-wise growth of GST Revenues during June 2022 [1] State. The revenues for the month of July 2021 are 33% higher than the GST revenues in the same month last year. The growth in GST revenue till September 2022 over the same period last year is 27%, continuing to display very high buoyancy. The Indian finance ministry has informed that India has got the collection of Rs 1.49 lakh crore in Goods and Services Tax (GST) in July which is hiked of 28 percent from the same month last year. "This is a clear impact of various measures taken by the Council in the past to ensure better compliance. This article presents the state wise collection GST other than imports. The government has settled . Better reporting coupled with economic recovery has been having a positive . The gross GST revenue collected in the month of August 2021 is Rs. The chart below shows trends in monthly gross GST revenues during the current year. Total number of e-way bills generated in the month of April 2022 was 7.4 crore, which is 4% lesser than 7.7 crore e-way bills generated in the month of March 2022. The chart shows trends in monthly gross GST revenues during the current year. Description: Department of Revenue functions under the overall direction and control of the Secretary (Revenue). During the month of June 2022, 7.45 crore e-way bills were generated, which was marginally higher than 7.36 crore in May 2022. New Delhi: The Finance Ministry said gross Goods & Services Tax ( GST) revenue collected in the month of January 2022 crossed Rs 1.38 lakh crore. 646 crore collected on import of goods). In terms of year-on-year growth, Lakshdweep was the best in July 2022 with a 69 per cent jump in GST collections, while Bihar and Tripura were the worst TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. January 2022 state wise were not available so I have derived by yearly total of 11 month of particular state divided by Total collation of all states for 11 month. on 28 May 2022. The GST collection for June stood at Rs 90,917 crore and the collection for July was at Rs 87,422 crore. GST Collection State-wise Growth. 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. . Feb-22: Growth. The progressive collection of Odisha state GST (OGST) till August '22 was Rs 6267.93 crore against Rs 4836.75 crore in the same period in the . Category wise products GST Rates List updated . The revenues for the month of August 2022 are 28% higher than the GST revenues in the same month last year of 1,12,020 crore. During the month, revenues from import of goods was 57% . The table shows the state-wise figures of GST collected in each State during the month of July 2022 as compared to July 2021. Bifurcation of total collection of GST: The Centre has registered the GST collection of August 2022 in this way where CGST recorded at Rs 29,524 crore and Rs 25,119 crore to SGST from IGST. The chart below shows trends in monthly gross GST revenues during the current year. 3. This month witnessed the second highest single day collection of Rs. Download Excel Chart on GST Collection Better reporting coupled with economic recovery has been . During the month of June 2022, 7.45 crore e-way bills were generated, which was marginally higher than 7.36 crore in May 2022. By Kautilya / September 4, 2021. Overall, gross GST revenues grew at 4% over the last year's GST revenue. August 2022 State Wise Growth of GST Collection It also stated the State wise GST Collection comparison of July 2020 to July 2021. 34%. "The gross GST revenue collected in the month of April, 2022 is Rs 1,67,540 crore of which CGST is Rs . Further, The below table shows the state-wise collection figures of GST in the month of October 2020 as compared to October 2019. It is followed by Karnataka with Rs 9,760 crore, Gujarat with Rs 9,020 crore . If we compared the collected amount of July to the money collected in June it is clearly seen that the July GST mop-up around 3% higher than June 2022. GST collection of Himachal Pradesh logs 14 pc growth in August. The table shows the state-wise figures of GST collected in each State during the month of July 2022 as compared to July 2021. Downloaded: 115 times. 24%. 326-1%. Jun-22. 7,867,726 total views. Any change in detail or information other than fact must be . Here's what it spells for the future of entrepreneurship. 372. A Closer Look at State-wise Tax Collection in India. In addition, Centre has also released GST compensation of 86912 crores to States and UTs on May 31, 2022. PIB News Update: The gross GST revenue collected in the month of August 2021 is 1,12,020 crore of which CGST is 20,522 crore, SGST is 26,605 crore, IGST is 56,247 crore (including 26,884 crore collected on import of goods) and Cess is 8,646 crore (including 646 crore collected on import of goods). On 29 March 2017, the Parliament enacted the Goods and Service Tax Act, which took effect on 1 July of the same year. The chart below shows trends in monthly gross GST revenues during the current year. Jammu and Kashmir. 30,951 crores. This is for the fifth time GST collection has crossed Rs 1.30 lakh crore mark. The gross Goods and Services (GST) revenue collected in the month of June 2022 is 144,616 crore of which CGST is. February 2021. 300. Even as the GST collections in July at Rs 1,48,995 crore are the second-highest mop-up ever, states that have contributed the most are Maharashtra, Karnataka, Gujarat, Tamil Nadu and Uttar Pradesh. Various states of India contribute to GST Collections through various means. 56,247 crore (including Rs. . This collection figures are other than Imports so actual figures definitely much higher than this. Spice Money Joins ONDC to Democratize E-Commerce in India; Wysa to Develop Hindi Version of AI Powered Mental Health App; Tracxn Startup Report . On the other hand, Lakshadweep, Manipur and Andaman & Nicobar Islands saw a drop, resulting in negative numbers Y-o-Y basis. During the month of June 2022, 7.45 crore e-way bills were generated, which was marginally higher than 7.36 crore in May 2022. GST Collection May 2022: Ministry of Finance in a statement said, "This is only the fourth time the monthly GST collection crossed 1.40 lakh crore mark since inception of GST and third month at a stretch since March 2022. The collection has been over Rs 1.4 lakh crore since March and in August it was Rs 1.43 lakh crore. STATE WISE COLLECTION OF GST in INDIA FROM JULY 2021 TO JUN 2022 PERIOD . Submitted By: Nithiyanantham Shankar. Growth. According to the state-wise figures of GST collected in the North East states in July, the state has recorded growth of 1 per cent. After recording the monthly GST revenues for the month of August it is showing the collection to be surmounted Rs 1.4 lakh crore for six months in a row. GST collection in January crossed Rs 1.38 trillion in January, a growth of 15 per cent over the year-ago period, on pick up in economic activity and anti-evasion measures, the Finance Ministry said on Monday. The GST collection has remained over the . Even as the GST collections in July at Rs 1,48,995 crore are the second-highest mop-up ever, states that have contributed the most are Maharashtra, Karnataka, Gujarat, Tamil Nadu and Uttar Pradesh. The gross GST revenue collected in the month of August 2021 is 1,12,020 crore of which CGST is 20,522 crore, SGST is 26,605 crore, IGST is 56,247 crore (including 26,884 crore collected on import of goods) and Cess is 8,646 crore (including 646 crore collected on import of goods). Since implementation of . Note that this table shows only direct taxes (income tax and corporate tax) and not indirect taxes like GST. With this, the GST collections in the first five months of the current financial year has reached Rs 2,255 crore against Rs 1,634 . import of goods) and cess is 11,018 crore (including 1197 crore collected on import of goods). We will also highlight a few observations regarding state wise collection of GST. 8,646 crore (including Rs. 25,306 crores, SGST is 32,406 crore, IGST is 75887 crores (including 40102 crores collected on. India has a vast population of nearly 124 crores. Taxes to be subsumed under GST are Excise Duty, Service Tax, Central Sales Tax, Surcharge & Fees, VAT, Taxes on Lottery, Luxury Tax, Entry Tax, Entertainment Tax (These are the parts of Central Tax & State Tax). The revenues for the month of May 2022 are 44% higher than the GST revenues in the . Mumbai: Goods and Services Tax (GST) collection in August rose 28 per cent to Rs 1.43 lakh crore, with monthly GST revenue remaining more than Rs 1.4 lakh crore for six months in a row, the Finance Ministry said. The previous high for collection of revenues from goods sold and services rendered was in January 2022 at over Rs 1.40 lakh crore. Bhubaneswar: Odisha has recorded an State GST collection of Rs 1019.81 crore during August 2022 against Rs 956.47 crore during August 2021 registering a growth of 6.62%. Recommended: High GST Collection & Reducing Litigation, Still A Struggle. It exercises control in respect of matters relating to all the Direct and Indirect Union Taxes through two statutory Boards namely, the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC). The gross GST revenue collected in the month of August 2021 is 1,12,020 crore of which CGST is 20,522 crore, SGST is 26,605 crore, IGST is 56,247 crore (including 26,884 crore collected on import of goods) and Cess is 8,646 crore (including 646 crore collected on import of goods). The average monthly gross GST collection in the last quarter . ( Image Source : Getty ) Collections from Goods and Services Tax (GST) rose 28 per cent to Rs 1.43 lakh crore in August, the Finance Ministry said on Thursday. The gross GST revenue collected in the month of April, 2022 is Rs 1,67,540 crore of which. State Name. The total revenue of the Centre and the States after regular settlement in the month of July' 2021 is 50284 crore for CGST and 52641 crores for the SGST. File size: 164 KB. GST Tax Slab Rates List 2022: 5%, 12%, 18% and 28%. Feb-21. Better reporting coupled with economic recovery has been having a positive . State Oct -19 Oct -20 Growth; Jammu and Kashmir: 313: 377: 21%: Himachal Pradesh: 669: 691: 3%: Punjab: 1,189: 1,376: 16%: 2.January 2022 state wise data were not available so I have derived by yearly total of 11 month of particular state divided by Total collation of all states for 11 month 3.This collection figures are other than Imports so actual figures definitely much higher than this . In the month of August, the GST collection further . Disclaimer:-"All the information given is from credible and authentic resources and has been published after moderation. GST Collection May 2022: Increase of 44% year-on-year - Check CGST, SGST, IGST, cess and state-wise revenue data. GST Revenue Collection for April 2022 . The total revenue of Centre and the States in the month of May 2022 after regular settlement is 52,960 crore for CGST and 55,124 crore for the SGST. The gross GST revenue collected in September 2022 is Rs 1,47,686 crore, of which Central GST (CGST) is Rs 25,271 crore, State GST (SGST) is Rs 31,813 crore and Integrated GST (IGST) is Rs 80,464 . State-wise Gross Domestic GST Collection for the month of December, 2019 & it's comparison with December 2018. CGST is Rs 33,159 crore, SGST is Rs 41,793 crore, IGST is Rs 81,939 crore (including Rs. During the month, revenues from import of goods was 39% higher and the . Monday, August 15 2022 . States or Union Territories such as Ladakh, Goa, Mizoram and Karnataka recorded the highest state-wise GST collections and posted higher growth Year-on-Year (Y-o-Y) basis. Chandigarh, September 1. Other files by the user. The revenues for the month of September 2022 are 26% higher than the GST revenues in the same month last year. State Wise GST Collection June 2022 Report in PDF. State-wise figures of GST collected in each state in July 2022 as compared to July 2021. "This is a clear impact of various measures taken by the Council in the past to ensure better compliance. by September 2022 is estimated at 8.45 lakh crores, but the actual loan raised for 8.29 lakh crores means that 16 thousand crores loans . GST Collection of August 2022| Rahul malodia #shorts #youtubeshorts #gst #incometax #tax #business #accounting #gstupdates #gstindia #ca #gstr #india #ic. Jammu and Kashmir: 330. 1199 union contract 2022 gm oil level sensor bypass . The total CGST amounts to Rs.24,710 crores, whereas the SGST sums up to Rs. 20,522 crore, SGST is Rs. With this, it registers a 15 per cent growth over the year-ago period. *Data collected from a report submitted in the Lok Sabha by the Minister of State for Finance [1]. However, it is encouraging to see that even in the month of May 2022, the gross GST revenues have crossed the 1.40 lakh crore mark. Tag: GST On August Month 2022 | GST Collection Month Wise | GST Collection February 2022 | GST Collection January 2022 State Wise | GST Collection March 2022 | Last Month GST Collection | State Wise GST Collection | GST Collection Year Wise | GST Collection Month Wise Chart 2021 22 | August Month GST Collection 2022 Tamil Nadu | August Month . August GST Collection in September 2022. The total IGST collected is Rs.77,782 crores, including taxes on imported goods worth Rs.42,067 crores. During the month of June 2022, 7.45 crore e-way bills were generated, which was marginally higher than 7.36 crore in May 2022. Finance Minister Harpal Singh Cheema said the state had registered a growth of 23 per cent in the Goods and Services Tax (GST) collection during the current fiscal year as . 26,884 crore collected on import of goods) and Cess is Rs. Jun-21. Mumbai, Sep 1 (IANS) Goods and Services Tax (GST) collection in August rose 28 per cent to Rs 1.43 lakh crore, with monthly GST revenue remaining more than Rs 1.4 lakh crore for six months in a row, the Finance Ministry said. GST Collection August 2022 state-wise . According to the Budget 2022-23 presented by the Union Finance Minister Nirmala Sitharaman, the fiscal deficit (loans) for the entire country this financial year is estimated at 14.31 lakh crores, of which the loan to be raised in the first six months i.e. Arunachal Pradesh has registered a growth of 69 per cent topping the list among Northeastern states followed by . The table mentioned the state-wise GST figures collected in every state in June 2022 with respect to June 2021. The total revenue of Centre and the States in the month of August 2022 after regular settlement is 54,234 crore for CGST and 56,070 crore for the SGST. View in App By OB Bureau On Sep 2, 2022. The. 26,605 crore, IGST is Rs. State-wise GST collection: July 2020 to July 2021. September 2, 2021. Send me a copy: Photo: Shutterstock. The below-drawn chart specifies the direction of the monthly gross GST revenues in the present year. 693. The table shows the state-wise figures of GST collected in each State during the month of March, 2020 as compared to March, 2019 and for the full year. Goods and Services Tax (GST) revenue mop-up in September is expected to be around Rs 1.45 lakh crore, an official said. During the month, revenues from import of goods was 4.9% higher and the revenues from domestic transaction (including import of services) are 0.5% higher that the revenues . 36,705 crore collected on import of goods) and cess is Rs 10,649 crore (including Rs 857. crore collected on import of goods). "This is a clear impact of various measures taken by the Council in the past to ensure better compliance. The GST collection increased the most in Uttarakhand, which reported a 33 percent increase to Rs 1,887 crore in April 2022 from Rs 1,422 crore in April 2021. In line with the recent trend of recovery in the GST revenues, the revenues for the month of November 2020 are 1.4% higher than the GST revenues in the same month last year. Breaking News. 49,453 crore on 20 th th The revenues for the month of August 2022, registered 28 per cent increase than the GST revenues of Rs 1,12,020 crore collected in August 2021. In terms of year-on-year growth, Lakshdweep was the best in July 2022 with a 69 per cent jump in GST collections, while Bihar and Tripura were the . GST Revenue August 2022 . "The fact is that Maharashtra posted the highest state-wise GST collection for September 2022 with Rs 21,403 crore. 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. Meghalaya this time collected Rs 121 crore in July as compared to Rs 120 crore in July last year. Himachal Pradesh. . State-wise growth of GST Revenues during February 2022.
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