Ministry of Finance

All time high Gross GST collection in March’2022,  breaching earlier record of Rs. 1,40,986 crore collected in the Month of January 2022

Rs. 1,42,095 crore  gross GST revenue collected in the month

 

Posted On: 01 APR 2022 3:33PM by PIB Delhi

The gross GST revenue collected in the month of March 2022 is Rs. 1,42,095 crore of which CGST is Rs. 25,830 crore, SGST is Rs. 32,378 crore, IGST is Rs. 74,470 crore (including Rs. 39,131 crore collected on import of goods) and cess is Rs. 9,417 crore (including Rs. 981 crore collected on import of goods). The gross GST collection in March’2022 is all time high breaching earlier record of Rs. 1,40,986 crore collected in the Month of January 2022.

The government has settled Rs. 29,816 crore to CGST and Rs. 25,032 crore to SGST from IGST as regular settlement. In addition, Centre has also settled Rs. 20,000 crore of IGST on ad-hoc basis in the ratio of 50:50 between Centre and States/UTs in this month. The total revenue of Centre and the States in the month of March 2022 after regular and ad-hoc settlements is Rs. 65646 crore for CGST and Rs. 67410 crore for the SGST. Centre also released GST compensation of  Rs. 18,252 crore to States/UTs during the month.

The revenues for the month of March2022 are 15% higher than the GST revenues in the same month last year and 46% higher than the GST revenues in March 2020. During the month, revenues from import of goods was 25% higher and the revenues from domestic transaction (including import of services) are 11% higher than the revenues from these sources during the same month last year. Total number of e-way bills generated in the month of February 2022 is 6.91 crore as compared to e-way bills generated in the month of January 2022 (6.88 crore) despite being a shorter month, which indicates recovery of business activity at faster pace.

The average monthly gross GST collection for the last quarter of the FY 2021-22 has been Rs. 1.38 lakh crore against the average monthly collection of Rs. 1.10 lakh crore, Rs. 1.15 lakh crore and 1.30 lakh crore in the first, second and third quarters respectively. Coupled with economic recovery, anti-evasion activities, especially action against fake billers have been contributing to the enhanced GST. The improvement in revenue has also been due to various rate rationalization measures undertaken by the Council to correct inverted duty structure.

The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of March 2022 as compared to March 2021.

 

State-wise growth of GST Revenues during March 2022[1]

 

State

Mar-21

Mar-22

Growth

1

Jammu and Kashmir

352

368

5%

2

Himachal Pradesh

687

684

0%

3

Punjab

1,362

1,572

15%

4

Chandigarh

165

184

11%

5

Uttarakhand

1,304

1,255

-4%

6

Haryana

5,710

6,654

17%

7

Delhi

3,926

4,112

5%

8

Rajasthan

3,352

3,587

7%

9

Uttar Pradesh

6,265

6,620

6%

10

Bihar

1,196

1,348

13%

11

Sikkim

214

230

8%

12

Arunachal Pradesh

92

105

14%

13

Nagaland

45

43

-6%

14

Manipur

50

60

18%

15

Mizoram

35

37

5%

16

Tripura

88

82

-7%

17

Meghalaya

152

181

19%

18

Assam

1,005

1,115

11%

19

West Bengal

4,387

4,472

2%

20

Jharkhand

2,416

2,550

6%

21

Odisha

3,285

4,125

26%

22

Chhattisgarh

2,544

2,720

7%

23

Madhya Pradesh

2,728

2,935

8%

24

Gujarat

8,197

9,158

12%

25

Daman and Diu

3

0

-92%

26

Dadra and Nagar Haveli

288

284

-2%

27

Maharashtra

17,038

20,305

19%

29

Karnataka

7,915

8,750

11%

30

Goa

344

386

12%

31

Lakshadweep

2

2

36%

32

Kerala

1,828

2,089

14%

33

Tamil Nadu

7,579

8,023

6%

34

Puducherry

161

163

1%

35

Andaman and Nicobar Islands

26

27

5%

36

Telangana

4,166

4,242

2%

37

Andhra Pradesh

2,685

3,174

18%

38

Ladakh

14

23

72%

97

Other Territory

122

149

22%

99

Centre Jurisdiction

141

170

20%

 

Total

91,870

1,01,983

11%

[1]Does not include GST on import of goods

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