This is the fourth time the monthly GST
Of the total collection in May, CGST amounted to Rs 25,036 crore, SGST was Rs 32,001 crore,
The GST revenues for May 2022 were 44 per cent higher than collected in the same month last year, at Rs 97,821 crore.
Notably, the monthly collection had touched a record high of Rs 1.68 lakh crore in April 2022.
Besides, the total number of e-way bills generated in the month of April 2022 was at 7.4 crore, which is 4 per cent lesser than 7.7 crore e-way bills generated in the month of March 2022. E-way bill is a document for carrying any consignment of goods of value exceeding Rs 50,000.
On Tuesday, the Centre released the entire amount of Goods and Service Tax (GST) compensation payable to states up to May 31, 2022 by releasing an amount of Rs 86,912 crore.
The payment was made to assist the states in managing their resources and ensuring that their programmes, especially the expenditure on capital, is carried out successfully during the financial year.
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