Friday, July 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

GST Collection April 2022: highest ever at Rs 1.68 lakh crore, up 20% YoY

by zee business
May 2, 2022
in Finance
Reading Time: 5 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


The gross GST income collected within the month of April, 2022 stood at Rs 1,67,540 crore of which CGST was Rs 33,159 crore, SGST is Rs 41,793 crore and IGST at Rs 81,939 crore, in accordance to a knowledge launched by the Ministry of Finance on Sunday. This contains Rs 36,705 crore collected on import of products. The cess collected was at Rs 10,649 crore, the federal government launch additional stated.

The gross GST assortment in April 2022 is all time excessive, Rs 25,000 crore greater than the following highest assortment of Rs. 1,42,095 crore, simply final month, the discharge stated.

The federal government has settled Rs 33,423 crore to CGST and Rs 26962 crore to SGST from IGST. The overall income of Centre and the States within the month of April 2022 after common settlement is Rs 66,582 crore for CGST and Rs 68,755 crore for the SGST, it additional stated.

The revenues for the month of April 2022 are 20% larger than the GST revenues in the identical month final 12 months. Throughout the month, revenues from import of products was 30% larger and the revenues from home transaction (together with import of companies) are 17% larger than the revenues from these sources throughout the identical month final 12 months, the discharge stated.

For the primary time gross GST assortment has crossed Rs 1.5 lakh crore mark. Complete variety of e-way payments generated within the month of March 2022 was 7.7 crore, which is 13% larger than 6.8 crore e-way payments generated within the month of February 2022, which displays restoration of enterprise exercise at quicker tempo, the assertion claimed.

The chart under exhibits tendencies in month-to-month gross GST revenues through the present 12 months. 

Month of April 2022 noticed the very best ever tax assortment in a single day on twentieth April 2022 and highest assortment throughout an hour, throughout 4 PM to 5PM on that day. On twentieth April 2022, Rs  57,847 crore was paid by means of 9.58 lakh transactions and through 4-5 PM, nearly Rs  8,000 crore was paid by means of 88,000 transactions. The very best single day fee final 12 months (on the identical date) was Rs  48,000 crore by means of 7.22 lakh transactions and highest one hour assortment (2-3PM on the identical date final 12 months) was Rs  6,400 crore by means of 65,000 transactions.

See Zee Enterprise Reside TV Streaming Beneath:

Throughout April 2022, 1.06 crore GST returns in GSTR-3B have been filed, of which 97 lakh pertained to the month of March 2022, as in comparison with complete 92 lakh returns filed throughout April 2021. Equally, throughout April 2022, 1.05 crore statements of invoices issued in GSTR-1 have been filed. Until finish of the month, the submitting share for GSTR-3B in April 2022 was 84.7% as in comparison with 78.3% in April 2021 and the submitting share for GSTR-1 in April 2022 was 83.11% as in comparison with 73.9% in April 2021.

This exhibits clear enchancment within the compliance behaviour, which has been a results of numerous measures taken by the tax administration to nudge taxpayers to file returns well timed, to creating compliance simpler and smoother and strict enforcement motion taken in opposition to errant taxpayers recognized based mostly on information analytics and synthetic intelligence.





Source link

Tags: AprilcollectioncroreGSThighestlakhYoY
Previous Post

Happy birthday to Big Maybelle, America's 'Queen Mother of Soul'

Next Post

6 Questions for Dawn Newton of Netki – Cointelegraph Magazine

Related Posts

Corn Sticking Close to Unchanged at Midday

Corn Sticking Close to Unchanged at Midday

by Barchart
July 11, 2025
0

Corn futures are down fractionally within the close by contracts, with new crop December up ¼ cent. There have been...

Life has no fun on high base as ULIP sales slow down

Life has no fun on high base as ULIP sales slow down

by Euro Times
July 11, 2025
0

MUMBAI: Life insurance coverage corporations posted a 4.25% year-on-year improve in new enterprise premiums for the April-June quarter, pushed largely...

Why Is Every Natural Disaster Being Politicized?

Why Is Every Natural Disaster Being Politicized?

by William L. Anderson
July 10, 2025
0

Even whereas the seek for lacking individuals in flood-ravaged Texas continues, the politicized invective has come from the Left. Maybe...

Barclays launch new sub-4% mortgage deal to compete with best rates on market

Barclays launch new sub-4% mortgage deal to compete with best rates on market

by Karl Matchett
July 11, 2025
0

Signal as much as our free cash publication for funding evaluation and skilled recommendation that will help you construct wealthSignal...

Genius Act: This New US Crypto Law Could Pave the Way for the Next Global Financial Crisis

Genius Act: This New US Crypto Law Could Pave the Way for the Next Global Financial Crisis

by Yves Smith
July 10, 2025
0

Yves right here. I want I had reposted among the content material from an incredible 2022 put up at Heisenberg...

Reagan’s Trade Gamble: The Story Behind the Voluntary Export Restraints

Reagan’s Trade Gamble: The Story Behind the Voluntary Export Restraints

by David Hebert, Marcus M. Witcher
July 10, 2025
0

Ronald Reagan deserves a lot reward for his stalwart dedication to free commerce and decreasing commerce obstacles. Even his most...

Next Post
6 Questions for Dawn Newton of Netki – Cointelegraph Magazine

6 Questions for Dawn Newton of Netki – Cointelegraph Magazine

Police arrest 9, dozens still missing or trapped after building collapses in China

Police arrest 9, dozens still missing or trapped after building collapses in China

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

July 11, 2025
PEP, Supportive Care, and More

PEP, Supportive Care, and More

July 11, 2025
Research Predicts 0,000 Bitcoin By EOY, If Treasury Firms Hold

Research Predicts $160,000 Bitcoin By EOY, If Treasury Firms Hold

July 11, 2025
Russia develops Mi-80 to replace iconic Hip helicopter

Russia develops Mi-80 to replace iconic Hip helicopter

July 11, 2025
Elon Musk’s SpaceX set to launch Israel’s Dror satellite

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

July 11, 2025
Corn Sticking Close to Unchanged at Midday

Corn Sticking Close to Unchanged at Midday

July 11, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

PEP, Supportive Care, and More

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In