GST Revenue Collection crosses Rs. 1.40 lakhs for the month of May 2022
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- Last Updated on 3 June, 2022
Latest from Taxmann
Press Release dated June 1st, 2022
The gross GST revenue collected in the month of May 2022 is Rs.1,40,885 crores. The revenues for the month of May 2022 are 44% higher than the GST revenues in the same month last year. This is only the fourth time that the monthly GST collection crossed Rs. 1.40 lakh crore mark since inception of GST and third month at a stretch since March 2022.
The collection in the month of May, which pertains to the returns for April, the first month of the financial year, has always been lesser than that in April, which pertains to the returns for March, the closing of the financial year. However, it is encouraging to see that even in the month of May 2022, the gross GST revenues have crossed the Rs. 1.40 lakh crore mark.
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