GST collection increases 11% to ₹1.59 trn on better compliance

Mop-up for Centre, states and revenue from IGST moderated compared to previous month

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Goods and services tax (GST) collection in August grew 11 per cent to ₹1.59 trillion annually on account of increased compliance and anti-evasion measures.

In August 2022, collection was ₹1.43 trillion.

However, during the month, the tax collected by the Centre (CGST) and the states (SGST), and the revenue from imports and inter-state sales moderated over the previous month.

In July, GST collection stood at €1.65 trillion.

Economists attributed the moderation in collection to muted growth in integrated GST (IGST) and the cess on imports, up merely 3 per cent in August.