<h1>GST Revenue for May 2022 Hits Rs. 1.40 Lakh Crore, Up 44% Year-on-Year; Marks Third Consecutive Month of Growth.</h1> The gross GST revenue collection for May 2022 reached Rs. 1,40,885 crore, marking a 44% increase compared to the previous year. This is the fourth time GST collections have surpassed Rs. 1.40 lakh crore since its inception, and the third consecutive month since March 2022. The revenue from imports rose by 43%, while domestic transactions, including service imports, increased by 44% year-on-year. The government settled Rs. 27,924 crore to CGST and Rs. 23,123 crore to SGST from IGST, with total revenues for the Centre and States at Rs. 52,960 crore and Rs. 55,124 crore, respectively. Additionally, Rs. 86,912 crore in GST compensation was released to States and UTs.