GST revenue in July 2022 at ₹1,48,995 cr, 2nd highest ever: Finance ministry

insidetrack IndiaAugust 1, 2022

801 1 minute read

The Goods and Services Tax (GST) revenue for July 2022 was recorded at ₹1,48,995 crore, the second-highest since the new indirect tax regime was introduced in July 2017, the Union finance ministry said on Monday.“GST Revenue collection for July 2022 second highest ever at ₹1,48,995 crore. For five months in a row now, the monthly GST revenues more than ₹1.4 lakh core, showing a steady increase every month,” the ministry informed on its Twitter handle.The Nirmala Sitharaman-headed ministry further stated that GST revenue for July 2022 was 28% higher than the corresponding numbers for the same period last year ( ₹1,16,393 crore).
👉 Revenues for the month of July 2022 28% higher than the GST revenues in the same month last year of ₹1,16,393 crore(2/2)— Ministry of Finance (@FinMinIndia) August 1, 2022
The previous second-highest figure was recorded in 2022 as well, in June, when the GST revenue for the month stood at ₹1,44,616 crore. In April this year, the collection was ₹1,67,540 crore, the highest-ever mark.Meanwhile, providing further details, the ministry said that during the current month, revenue from import of goods was 48% higher and that from domestic transactions (including import of services) was 22% higher than the revenue from the respective sources in July 2021.The finance ministry attributed the steady growth in collection to various measures taken by the GST Council in the past to ensure better compliance.“Better reporting coupled with economic recovery has been having positive impact on the GST revenues on a consistent 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 202,” it said.

ABOUT THE AUTHOR

Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.
…view detail

insidetrack IndiaAugust 1, 2022

801 1 minute read

insidetrack India

Murderer who kept designer manbag guilty of murder January 10, 2025
Tyreece Scott bled to death on the street in west London after being stabbed by a rival dealer.
Met inspector sacked over racist and sexist messages January 10, 2025
Charles Ehikioya says he is "dismayed" by the decision made by the misconduct panel.
Bromley sign Barnet striker Kabamba January 10, 2025
Bromley sign striker Nicke Kabamba from Barnet for an undisclosed fee.
Autism no excuse for killing schoolgirl, jury told January 10, 2025
Hassan Sentamu denies murdering Elianne Andam on the basis of diminished responsibility due to his autism.
Charlton cup tie and National League games hit by freeze January 10, 2025
Freezing weather across the United Kingdom hits the weekend's sporting programme, with the FA Cup and Challenge Cup among competitions impacted.

MP man kills live-in partner, stuffs body in fridge for 6 months January 10, 2025
A woman's decomposed body was discovered in a refrigerator in a rented room in MP's Dewas. The body had been there for over six months. The police arrested the suspect, Sanjay Patidar, who was her live-in partner. Patidar confessed to killing her with a friend's help and leaving the body in the fridge.
KARISHMA KOTWAL
Dhruv copters to stay grounded till Gujarat crash cause identified January 10, 2025
Hindustan Aeronautics Limited (HAL) has suspended the flying of Dhruv advanced light helicopters until the root cause of the recent crash in Gujarat is determined. An investigation revealed control loss for seconds before the crash, with repeated safety issues prompting calls for a comprehensive review.
RAJAT PANDIT
Rajnath invites friendly countries to set up aerospace, defence joint ventures January 10, 2025
Defence minister Rajnath Singh emphasized India's multi-aligned policy for global peace and prosperity. He called for stronger unity among like-minded countries amidst current security challenges. Singh invited foreign companies to invest in India's aerospace and defence sectors, highlighting the nation's commitment to enhancing its industrial ecosystem and economic growth through cooperation and collective action.
TNN
Interpol issues first-ever 'Silver Notice' to track laundered assets January 10, 2025
Interpol issues its first 'Silver Notice' to track international laundered assets, aiding 52 countries, including India, which targets fugitive economic offenders. The initiative, requested by Italy, helps share alerts globally to locate and seize criminal assets under national laws, enhancing asset recovery efforts.
RAJ SHEKHAR
Wildlife board nod for 11 defence projects near LAC in Ladakh January 10, 2025
The National Board for Wildlife (NBWL) has approved 11 defence ministry proposals for strategic infrastructure in protected Ladakh areas near the LAC with China. This includes building telecommunication networks, ammunition storage, and waste processing facilities within the Changthang and Karakorum Nubra Shyok Wildlife Sanctuaries, home to rare species. Conditions are set to minimize habitat impact.
TNN
After Omar criticism of INDIA, Sanjay Raut questions MVA relevance January 10, 2025
Following their recent assembly election defeat, Maharashtra's MVA alliance members Sank the blame game intensifies, with calls for independent strategies in upcoming polls. MVA leaders criticize delays and lack of coordination, questioning the alliance's effectiveness and relevance within the broader INDIA bloc.
ABHISHEK CHOUDHARI, ANURAG BENDE, PRAFULLA MARPAKWAR
Kerala girl claims sexual abuse by 64 people over 4 years; 5 held January 10, 2025
A teenage girl in Kerala's Pathanamthitta district has claimed that she was sexually abused by around 64 people over four years. Police have arrested five suspects and a sixth is in prison. The girl, who recently turned 18, revealed the abuse during a school counselling session.
TNN
Allow dropout students to reappear for JEE: Supreme Court January 10, 2025
The Supreme Court allows students, who dropped a year of study to attempt the IIT-Advanced exam, a third attempt despite the Joint Admission Board reverting its decision to allow only two attempts. The court rules this would apply to students who dropped out between November 5 and November 18, 2024.
TNN
Kumbh for all who respect 'sanatan traditions': Yogi Adityanath January 10, 2025
UP CM Yogi Adityanath stated that those who respect sanatan dharma can visit Mahakumbh regardless of religion. This response addressed demands to prohibit Muslims from attending the event. Yogi warned those with destructive intentions and criticized entities dividing the nation or illegally acquiring Waqf property.
NEHA LALCHANDANI
Modi: US visa denial in 2005 was insult of an elected government January 10, 2025
Prime Minister Narendra Modi reflects on the US visa cancellation and its insult to India's democracy. He recounts his emotions during the Godhra arson attack and his commitment to not making intentional mistakes. Modi shares his risk-taking nature and discusses his unexpected political career and initial desires to become a monk.
TNN