October GST collection stands at Rs 1.52 lakh crore, second-highest since implementation

GST collections for the month of October stood at Rs 1.52 lakh crore, according to the data shared by finance ministry on Tuesday. This is the second highest collection since implementation of GST.

Goods and Services Tax (GST) collection had touched a record high of nearly Rs 1.68 lakh crore in April. In October last year, the revenues stood at over Rs 1.30 lakh crore.

The gross GST collected in the month of October 2022 is Rs 1,51,718 crore of which Central GST is Rs 26,039 crore, State GST is Rs 33,396 crore, Integrated GST is Rs 81,778 crore (including Rs 37,297 crore collected on import of goods) and Cess is Rs 10,505 crore (including Rs 825 crore collected on import of goods), which is second highest till date, an official statement said.

GST mop-up has been over Rs 1.40 lakh crore for eight months in a row.

During the month of September 2022, 8.3 crore e-way bills were generated, which was significantly higher than 7.7 crore e-way bills generated in August 2022.

(With agency inputs)