As per a release from the Ministry of Finance, the gross GST revenue collected in the month of October 2022 was ₹ 1,51,718 crore, which is the second highest till date, next only to the collection in April 2022. It is also the second time the gross GST collection has crossed Rs. 1.50 lakh crore mark. The government said that it has settled ₹ 37,626 crore to CGST and ₹ 32,883 crore to SGST from IGST as regular settlement.
In addition, Centre has also settled Rs 22,000 crore on adhoc basis in the ratio of 50:50 between Centre and States. The total revenue of Centre and the States after regular as well as adhoc settlements in the month of October 2022 is ₹74,665 crore for CGST and ₹ 77,279 crore for the SGST.
The month of October also saw the second highest collection from domestic transactions, next only to April 2022. 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.
