August 1, 2022
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GST revenue growth signals stronger compliance and higher collections, increasing post settlement receipts for Centre and States.
The press release reports gross GST revenue for July 2022, its composition (CGST, SGST, IGST and cess), specified settlements from IGST to CGST and SGST, and post settlement totals for Centre and States. Collections for July 2022 rose 28% over July 2021, with year to date growth of 35%; import and domestic receipts increased at different rates. Monthly receipts exceeded a sustained threshold for five months, attributed to compliance measures and economic recovery; a state wise table shows varied jurisdictional growth.